Grade 10 Maths · Financial Maths

Convert currency using exchange rates

Change money from one currency to another by multiplying or dividing by the exchange rate, for example 50 US dollars at R18 per dollar is R900.

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Exchange Rates-A simple explanation - Maths Lit/ Gr 8 & 9 MathsTheWhiteboardSA

Grade 8 Maths Term 1 Lesson 6i Financial Maths Exchange RatesMaths Lessons with Colleen

Introduction to exchange ratesMr Siu Maths

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Question 2.1 · September 2024 · Provincial · 3 marks

2.1 On a trip to America, Charity booked into a hotel for five days. The exchange rate at that time was

\

1 = R18{,}73

. T h ecos t o f t h e h o t e lp er d a y w a s

104

. How much did she spend, in rands, for five days?(3)

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More past paper questions: convert currency using exchange rates

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3. Question WE1.36 · Siyavula Grade 8 Mathematics, 1 Whole numbers, Working with money, Worked example 1.36 · 2 marks
WE1.36 Andani is on holiday in Botswana. The currency in Botswana is the pula (P). Andani buys a meal at KFC for P96.
The exchange rate between the South African rand and the Botswanan pula (P) is R1 = P3. Determine the price of Andani's meal in rand.(2)
Show the memo (2 ticks)Memo
1. ✓
  Divide by the exchange rateR1 = P3, so divide the pula amount by 3:
  $96 \div 3$
  1 mark · Convert currency using exchange rates
2. ✓
  Answer $96 \div 3 = 32$
  The rand price of Andani's meal is R32.
  1 mark · Convert currency using exchange rates
4. Question WE12 · Siyavula Grade 10 Mathematics, 9.5 Foreign exchange rates, Worked example 12 · 2 marks
WE12 Saba wants to travel to see her family in Spain. She has been given R10 000 spending money. How many euros can she buy if the exchange rate is currently $€1 = R 10, 68$ ?(2)
Show the memo (2 ticks)Memo
1. ✓
  Divide by the exchange rateLet the equivalent amount in euros be $x$ .
  $x = \frac{10 000}{10 , 68}$
  1 mark · Convert currency using exchange rates
2. ✓
  Answer $x = 936, 33$
  Saba can buy €936,33 with R10 000.
  1 mark · Convert currency using exchange rates

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