Currency Conversion and Exchange Rates

This video tutorial explains currency conversion, focusing on converting between pounds, dollars, euros, and yen. It covers basic exchange rate concepts, provides step-by-step calculations for converting currencies, and includes example problems to illustrate the process. The video also addresses more complex scenarios, such as converting large amounts into yen, and concludes with a recap of key conversion methods.

What is the exchange rate used to convert UK pounds to American dollars in the video?

• 1 pound = $1.30

• 1 pound = $1.40

• 1 pound = $1.50

• 1 pound = $1.60

If you have 10 pounds, how many dollars would you get using the exchange rate provided?

• $20

• $25

• $15

• $10

To convert dollars back to pounds, what operation should you perform with the exchange rate?

• Multiply by 1.5

• Subtract 1.5

• Add 1.5

• Divide by 1.5

Sophie converted £240 to Euros. What was the exchange rate used?

• 1 pound = €1.2

• 1 pound = €1.3

• 1 pound = €1.4

• 1 pound = €1.5

How many Euros did Sophie receive after converting £240?

• €320

• €336

• €340

• €350

What is the new exchange rate when converting Euros back to pounds?

• 1 Euro = £1.4

• 1 Euro = £1.3

• 1 Euro = £1.2

• 1 Euro = £1.5

Thomas wants to convert £400 to Yen. How many 1,000 Yen notes can he get?

• 65 notes

• 68 notes

• 66 notes

• 67 notes

What is the exchange rate used for converting pounds to Yen?

• 1 pound = 170 Yen

• 1 pound = 168 Yen

• 1 pound = 160 Yen

• 1 pound = 150 Yen

To convert pounds to Euros, what operation should you perform with the exchange rate?

• Subtract 1.4

• Add 1.4

• Divide by 1.4

• Multiply by 1.4

What is the general method to convert any currency back to pounds?

• Subtract the exchange rate

• Add the exchange rate

• Multiply by the exchange rate

• Divide by the exchange rate