Exchange Rates: Fluency and Exam Drill - Worksheets, Questions and Revision

14 original exam-style questions - 3 pages of questions with a full mark scheme - free printable PDF.

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GCSE · Ratio and Proportion

3.9D Exchange Rates: Fluency and Exam Drill

EDEXCEL Edexcel 1MA1 · Calculator allowed · about 50 minutes
Total Marks
Name: _______________________________    Date: ____ / ____ / ______
Answer ALL questions. Show all your working.
1
Work out 45 pounds in euros. Use the exchange rate 1 GBP = 1.17 EUR.
(Total for Question 1 is 1 mark)
2
Work out 120 euros in pounds. Use the exchange rate 1 GBP = 1.20 EUR.
(Total for Question 2 is 1 mark)
3
Work out 150 US dollars in pounds. Use the exchange rate 1 GBP = 1.35 USD. Give your answer to 2 decimal places.
(Total for Question 3 is 2 marks)
4
Work out 88 pounds in Canadian dollars. Use the exchange rate 1 GBP = 1.68 CAD.
(Total for Question 4 is 1 mark)
5
A souvenir costs 75 euros. Work out the price in pounds. Use the exchange rate 1 GBP = 1.25 EUR.
(Total for Question 5 is 1 mark)
6
Convert £200 to US dollars, then convert the result to Australian dollars. Use 1 GBP = 1.30 USD and 1 USD = 1.45 AUD. Work out how many Australian dollars you receive.
(Total for Question 6 is 3 marks)
7
A traveller has 500 Australian dollars. How many pounds can they get if the rate is 1 GBP = 1.85 AUD? Give your answer to 2 decimal places.
(Total for Question 7 is 2 marks)
8
A bank charges 2.5% commission on the amount in pounds when buying euros. A customer wants to receive 400 EUR. The rate is 1 GBP = 1.16 EUR. Work out how many pounds the customer must pay. Give your answer to 2 decimal places.
(Total for Question 8 is 3 marks)
9
Show that £625 converts to 556.25 EUR. Use the rate 1 GBP = 0.89 EUR and show your method.
(Total for Question 9 is 2 marks)
10
A holidaymaker changes £350 to euros at 1 GBP = 1.12 EUR. Later they change those euros back to pounds at 1 GBP = 1.18 EUR. Work out how many pounds they get back and the amount of money lost or gained. Give answers to 2 decimal places.
(Total for Question 10 is 4 marks)
11
An exchange bureau quotes: buy USD at 1 GBP = 1.28 USD and sell USD at 1 GBP = 1.22 USD. A customer sells $640 to the bureau. How many pounds will the customer receive? Give your answer to 2 decimal places.
(Total for Question 11 is 2 marks)
12
A student needs 750 USD. The bank rate is 1 GBP = 1.36 USD. The bank charges a fixed commission of £4 plus 1% of the amount in pounds exchanged. Work out how many pounds the student pays. Give your answer to 2 decimal places.
(Total for Question 12 is 3 marks)
13
If 450 EUR costs £390, find the exchange rate in the form 1 GBP = x EUR. Give x to 3 decimal places.
(Total for Question 13 is 2 marks)
14
Maja has £1200. She exchanges £700 into euros at 1 GBP = 1.17 EUR. She exchanges the remaining money into US dollars at a bureau that quotes 1 GBP = 1.35 USD but deducts a 2% commission from the pounds exchanged. Work out how many euros and how many US dollars Maja receives. (Total for Question 14 is 5 marks.)
(Total for Question 14 is 5 marks)
Mark scheme · 3.9D Exchange Rates: Fluency and Exam Drill

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14