1. Travelling Abroad Section 7.4

2. What are some things you need to take into account when travelling abroad? What are the health risks? What are the health risks? –Do I need special shots to travel there? Do I need any special paperwork to travel there? Do I need any special paperwork to travel there? What kind of money do I need to shop there? What kind of money do I need to shop there? –What is the conversion factor for their money? –Is it worth more or less than our money?

3. Currency A system of money used in a particular country A system of money used in a particular country –Money, cash, legal tender

4. Exchange Rate the value of one currency for the purpose of conversion to another currency the value of one currency for the purpose of conversion to another currency

5. Types of Currency Canada – Canadian dollar (CAD $) Canada – Canadian dollar (CAD $) US – U.S dollar (USD $) US – U.S dollar (USD $) England – Great Britain Pound (GBP £) England – Great Britain Pound (GBP £) Europe – Euro (EUR €) Europe – Euro (EUR €) Japan – Yen (JPY ¥) Japan – Yen (JPY ¥) Israel – New Shekels (ILS ₪) Israel – New Shekels (ILS ₪) Russia – Roubles (RUB p) Russia – Roubles (RUB p) Philippines – Peso (PHP ₱) Philippines – Peso (PHP ₱) Australia – Australian Dollar (AUD $) Australia – Australian Dollar (AUD $) India – Rupee (INR ) India – Rupee (INR )

6. Conversion Rates (May 2015) 1 CAD = ___ USD0.83 GBP0.55 EUR0.74 JPY99.20 ILS3.21 RUB42.89 PHP36.81 AUD1.05 INR52.52

7. EX: Faye sees a gift in London, England that she wants to buy. The price is £12.60. How much is that in CAD? To convert into Canadian: CAD = GBP / conversion factor CAD = 12.60 / 0.55 = $22.91 = $22.91

8. EX. Boris is from Russia. He is visiting Canada and sees a I ♥ Canada shirt for $12.59. How much will his credit card show in Roubles? To convert from CAD: RUB = CAD x conversion factor RUB = 12.59 x 42.89 = p 539.99 = p 539.99

9. You Try! Tina travels to Florida and buys a pair of shoes for $26. How much is that in CAD? Tina travels to Florida and buys a pair of shoes for $26. How much is that in CAD? CAD = USD / conversion factor = 26 / 0.83 = 26 / 0.83 = $31.33

10. TO DO: Page 137 Page 137 –#2-6 (Just the countries we have conversion rates for)