Currency Conversion and Exchange Rates

This video tutorial covers the basics of currency conversion using exchange rates. It includes examples of converting US dollars to Euros, Canadian dollars to US dollars, and a double conversion from Canadian to Australian dollars. The video also demonstrates how to compare prices in different currencies and calculate profit from currency trading.

If John has 15,000 US Dollars and the exchange rate is 1 USD = 0.9 Euros, how many Euros will he receive?

• 16,000 Euros

• 13,500 Euros

• 14,000 Euros

• 15,000 Euros

What is the first step in converting Canadian Dollars to US Dollars?

• Divide the amount by the exchange rate

• Subtract the exchange rate from the amount

• Add the exchange rate to the amount

• Multiply the amount by the exchange rate

Kim has 30,000 Canadian Dollars. If 1 USD = 1.31 CAD, how much will she receive in US Dollars?

• 24,000 USD

• 25,000 USD

• 23,000 USD

• 22,976 USD

Lauren wants to buy a laptop. Store XYZ sells it for 350 GBP and Store ABC for 385 Euros. If 1 GBP = 1.16 Euros, which store offers the better deal?

• Cannot determine from the given information

• Both stores offer the same deal

• Store ABC offers the better deal

• Store XYZ offers the better deal

What is the exchange rate used to convert GBP to Euros in the laptop comparison?

• 1 GBP = 1.20 Euros

• 1 GBP = 1.25 Euros

• 1 GBP = 1.16 Euros

• 1 GBP = 1.10 Euros

Sally wants to convert 45,000 CAD to AUD. What is the first conversion she needs to perform?

• Convert CAD to USD

• Convert CAD to AUD directly

• Convert CAD to GBP

• Convert CAD to Euros

If 1 USD = 1.31 CAD and 1 AUD = 0.685 USD, how many AUD will Sally receive for 45,000 CAD?

• 50,147.66 AUD

• 51,000 AUD

• 52,000 AUD

• 53,000 AUD

Luke converts 70,000 USD to Euros at 1 USD = 1.16 Euros. How many Euros does he get?

• 62,000 Euros

• 63,000 Euros

• 60,344.83 Euros

• 61,000 Euros

After converting back to USD at 1 Euro = 1.89 USD, how much does Luke have?

• 114,051.73 USD

• 117,000 USD

• 115,000 USD

• 116,000 USD

How much profit did Luke make from his currency trades?

• 47,000 USD

• 46,000 USD

• 45,000 USD

• 44,051.73 USD