20 terms

# Converting Currency

#### Terms in this set (...)

Geoffery went on a trip across South America. He took 1,750 US dollars (USD) with him. In Chile, he traded his money for Chilean pesos (CLP) at a rate of USD:CLP = 1:496.5000. He spent 217,513 pesos before he went to Venezuela. In Venezuela, he traded his Chilean pesos for Venezuelan bolivars (VEF) at a rate of CLP:VEF = 1:0.1283. During his time in Venezuela, he spent 38,422.19 bolivars. At his next stop, Paraguay, he traded his Venezuelan bolivars for Paraguayan guarani (PYG) at a rate of VEF:PYG = 1:1063.9500. He spent 12,857,441.39 guarani before returning to the United States, where he traded his Paraguayan guarani for US dollars at a rate of PYG:USD = 1:0.00002186. How much money did Geoffery have remaining, in US dollars? Round all currency values to two decimal places.
\$768.98
Penny is planning a trip to Egypt. She has mapped out the expected costs of some different components of her trip, and has compiled them below, including whether the cost is in US dollars (\$) or Egyptian pounds (£).
\$993.95
Mary has \$311.75 to convert into yen. The currency exchange she is using charges a surcharge of 6% when converting currency. About how many more yen will Mary receive if she makes her trade on the day with the most favorable exchange rate than if she makes her trade on the day with the least favorable exchange rate?
¥1,513
In her article "Currency Exchange", what does Susan Breslow Sardone recommend travelers do in order to get the best exchange rate?
Use their ATM card at a major bank once they reach their destination.
Nate has £88.65 to convert into shekalim. The currency exchange he is using charges an 8% surcharge when converting currency. About how many more shekalim will Nate receive if he makes his trade on the day with the most favorable exchange rate than if he makes his trade on the day with the least favorable exchange rate?
INS 38.35
Tom is exchanging money for his trip to India. The exchange rate of US dollars to Indian rupees is 1:45.897. Tom needs 11,550 rupees. The currency exchange he is using charges a 7.25% surcharge on any such transactions. How many US dollars will it cost Tom to get the rupees he wants? Round to the nearest dollar.
\$271
Sharon is preparing for a trip to Kuwait. She calculates that she will need \$1,166 to be converted to Kuwaiti dinar. If the exchange rate of US dollars to Kuwaiti dinar is 1:0.2879, how many dinar does Sharon have? Round your answer to two decimal places.
335.69 dinar
Gary is looking over his receipts from his trip to Europe. When he was in Germany, he exchanged US dollars for euros at a rate of 1:0.7716, and when he was in Poland, he exchanged euros for Polish zloty at a rate of 1:4.0518. To four decimal places, what was the exchange rate of US dollars to Polish zloty?
1:3.1264
Kari is on a trip to Italy. She has made a list of cities she would like to tour while she is there, as well as how much she expects it will cost her (between transportation, admission, souvenirs, and so on) to see each one. The prices are listed in either US dollars (\$) or euros (€). Kari has a budget of \$585 set aside for sightseeing.
Kari has almost exactly enough left in her budget to see Genoa.
Hillary has just returned to the United States from a trip to northern Europe, where she visited Sweden and Finland. The table below shows some of the purchases and expenses she had before and during her trip, as well as their costs. The transactions took place in US dollars (\$), euros (€), or Swedish krona (kr, plural kronor).
\$1,139.51
If Grace traded ¥34,712 for £242.73, on what day did she make her exchange?
Saturday
Jun, who lives in the United States, is on a trip to South America. He is going first to Argentina, where the currency is the Argentine peso (\$), then to Bolivia, where the currency is the Bolivian boliviano (Bs.). As he is traveling from Argentina to Bolivia, he finds that he has the equivalent of US \$671 in pesos, which he wishes to convert to bolivianos.
4,826.99 Bs.
Sandy has \$829.04 to convert into euros. How many more euros would Sandy have if she made her trade on the day with the most favorable exchange rate than if she made her trade on the day with the least favorable exchange rate? Round all currencies to two decimal places.
€55.96
Jessica If the exchange rate of US dollars to South African rands is 1:7.4094, what is the current total of Jessica's budget, in US dollars? Round all currencies to two decimal places.
\$973.39
The American Dollar (USD) is worth more than each of the following foreign currencies except which?
British Pound (GBP)
If Rodney traded €228.75 for \$314.52, when did he make his exchange?
Friday
Hector would also like to see a professional sumo tournament while he is there, which would cost him ¥5,488. If the conversion rate of US dollars to Japanese yen is 1:94.153 at the time of Hector's trip, how will this affect his budget?
Hector cannot afford to see the sumo tournament, because it would put him over budget by almost \$12.
You know that the current exchange rate for US dollars (USD) to Indian rupees (INR) is 1:45.85, that the exchange rate for Indian rupees to Bangladeshi taka (BDT) is 1:1.507, and that the exchange rate for Bangladeshi taka to Myanma kyat (MMK) at a rate of 1:0.0928. Which of the following equations is set up properly to calculate the exchange rate from US dollars to Myanma kyat?
C
Charles is planning a trip to Guatemala. He has allocated \$415 for spending money. If the exchange rate from US dollars to Guatemalan quetzals is 1:8.5135, how much money does Charles have, as measured in quetzals? Round your answer to two decimal places.
3,533.10 quetzals
A certain book is for sale in both Belize and Brazil. In Belize, it sells for 80.39 Belize dollars. In Brazil, it sells for 63.65 Brazilian reals. The exchange rate of US dollars to Belize dollars is 1:1.9246, and the exchange rate of US dollars to Brazilian reals is 1:1.7880. When converted into US dollars, which country sells the book at a more expensive price, and how much more expensive is it? Round all currency values to two decimal places.
The book costs \$6.17 more in Belize than in Brazil.