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3.05 Exchange Rates

Worksheet
Exchange rates
1

Assuming that 1 Australian dollar (AUD) can buy 7.10 Hong Kong dollars (HKD), how many AUD's are equivalent to 57 HKD?

2

Assuming that 1 AUD can buy 7.10 HKD, how many HKD's are equivalent to 36 AUD?

3

Assuming that 1 AUD can buy 0.90 USD, how many AUD's are equivalent to 24 USD?

4

Assuming that 1 AUD can buy 0.90 USD, how many USD's is equivalent to 88 AUD?

5

If 190 AUD is worth 358.37 Fijian dollars (FJD), how much is 380 FJD worth? Round your answer to two decimal places.

6

If 50 AUD is worth 491\,755 Indonesian Rupiah, how much is 1\,000\,000 Indonesian Rupiah worth in AUD?

7

If 350 AUD is worth 3498 South African Rand, how much is 8000 South African Rand worth in AUD?

8

If 80 AUD is worth 56 USD, how much is 350 USD worth in AUD?

Exchange tables and graphs
9

The table shows the rates at which you can buy and sell 1 Australian Dollar in exchange for various currencies:

\text{Currency}\text{Buy }1\text{ AUD}\text{Sell }1\text{ AUD}
\text{Fijian Dollar}2.07491.7737
\text{Yen}99.444585.7473
\text{Rupee}68.179350.7655
\text{Euro}0.83270.7399
\text{Canadian Dollar}1.04430.9235
\text{Hong Kong Dollar}8.85687.4328
\text{Baht}36.541035.5962
a
i

How many Canadian dollars (CAD) do you need in order to buy 1 AUD?

ii

Hence, calculate how many AUD's can be bought with 670 CAD. Round your answer to two decimal places.

b
i

How many Fijian dollars (FJD) can you buy with 1 AUD?

ii

Hence, calculate how many FJD can be bought with 280 AUD. Round your answer correct to two decimal places.

c

Brad is going on a holiday to France, and wants to change 9800 AUD into euros for spending money. How many euros can he buy? Round your answer correct to two decimal places.

d

Sally bought a laptop in Hong Kong for 15\,942 HKD. What is the price in Australian dollars?

e

Iain wants to change the 140 FJD (Fiji dollars) he has left from his holiday back into Australian dollars. How much AUD will he receive?

f

Skye purchased 400 jumpers from a manufacturer in Thailand for 97\,640 Baht. How much did she spend in Australian dollars?

g

Emma, who is living in Fiji, just received 480 AUD for a smartphone she sold on eBay to a buyer in Australia. How much is this in her local currency (Fiji dollars)?

h

James pressed the wrong button and accidentally exchanged 3500 AUD for Fiji dollars. After realising this, he exchanged the amount back for Australian dollars.

i

How much Fiji dollars did he receive after the initial exchange?

ii

How much Australian dollars did he receive after the second exchange?

iii

How much Australian dollars did he lose from the 3500 AUD that he started with?

10

The table shows the rates at which you can buy and sell 1 British Pound (GBP) in exchange for various currencies:

\text{Currency}\text{Buy }1\text{ GBP}\text{Sell }1\text{ GBP}
\text{Hong Kong dollar}5.87695.5243
\text{Australian dollar}1.79741.6896
\text{Canadian dollar}0.92970.8925
\text{New Zealand dollar}0.96500.8878
\text{US dollar}0.84110.7822
\text{Japanese yen}95.156187.5436
a
i

How many US dollars (USD) do you need in order to buy 1 GBP?

ii

Hence, calculate how many GBP's can be bought with 4800 USD. Round your answer to two decimal places.

b
i

How many Japanese yen can you buy with 1 GBP?

ii

Hence, calculate how many yen can be bought with 4200 GBP.

11

The table shows the rates at which you can buy and sell 1 Australian dollar in exchange for various currencies. The midrate is an average of the buying and selling rate.

a

Calculate the exchange rate (midrate) for 1 Australian dollar (AUD) in terms of Chinese yuan.

b

How many Chinese yuan can you get if you have 1 AUD?

c

If you've returned to Australia from overseas and you want to exchange your Chinese yuan, how many Chinese yuan do you need to buy back 1 AUD?

CurrencyBuySell
\text{South African rand}9.999.85
\text{Indonesian rupiah}9829.769738.88
\text{Chinese yuan}4.793.09
\text{New Zealand dollar}1.050.98
12

The table shows the rates at which you can buy and sell 1 Australian dollar in exchange for various currencies. The midrate is an average of the buying and selling rate.

a

Calculate the exchange rate (midrate) for 1 Australian dollar (AUD) in terms of Baht (THB).

b

How many Baht can you get if you have 1 AUD?

c

If you've returned to Australia from overseas and you want to exchange your Baht, how many Baht do you need to buy back 1 AUD?

d

If a bank's buying rate is higher than its selling rate for a particular currency, will the bank make a profit or a loss?

CurrencyBuySell
\text{Pound}0.68890.6308
\text{New Zealand dollar}1.39631.2295
\text{Baht}36.541035.5962
\text{Yen}100.466883.9493
\text{Fijian dollar}2.04541.7146
\text{Euro}0.81660.7352
13

The graph shows the conversion between Country A and Country B's currency:

a

Use the graph to convert 8 of currency A to currency B.

b

Use the graph to convert 2 of currency B to currency A.

2
4
6
8
10
12
14
B
2
4
6
8
10
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16
18
A
14

The graph shows the amount of Euros that can be bought with Australian Dollars:

a

How many Euros can 20 Australian dollars buy?

b

How much Australian dollars is required to buy 6 Euros?

c

How many Euros does \$1 Australian buy? Round your answer to two decimal places.

2
4
6
8
10
12
14
16
18
\text{AUD}
2
4
6
8
10
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16
18
\text{EUR}
15

Consider the following graph which relates the two units, US dollars and Australian dollars:

a

An item online costs \$18 USD. Approximately, what is the cost in AUD?

b

How many USD can be purchased with \$58 AUD?

c

What is the exchange rate? Round your answer to one decimal place.

10
20
30
40
50
\text{AUD}
10
20
30
40
\text{USD}
16

Consider the following graph which relates Indonesian rupiah and Australian dollars:

20
40
60
80
\text{AUD}
100000
200000
300000
400000
500000
600000
700000
800000
900000
\text{IDR}
a

If Holly goes on holiday to Bali and spends 50\,000 IDR per day on food for 4 days, how much AUD would this be in total?

b

How many rupiahs would \$50 AUD buy?

c

What is the exchange rate?

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Outcomes

ACMGM007

use currency exchange rates to determine the cost in Australian dollars of purchasing a given amount of a foreign currency, such as US$1500, or the value of a given amount of foreign currency when converted to Australian dollars, such as the value of €2050 in Australian dollars

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