Money Exchange

Students will learn about money exchange from US to foreign.

Teaching Objectives:

  • Students will learn about exchange rates.
  • Students will learn to identify different exchange rates.
  • Students will learn to figure out money amounts when exchanging US money to foreign money using exchange rates.

Suggested Grade Level

6th – 9th Grade

Lesson Excerpt:

There are many real life examples where you have to understand about math and money. When working with money, you need to know about fractions, decimals and percentages.  Sometimes you will need to add/subtract/multiply or divide.  One example where you need to understand math and money is when it comes to money exchange.

What is money exchange?

Money exchange is used when traveling between different countries that have different currency.  In the United States, we work with dollars.  In another country, you often won’t be able to use dollar bills. You will need to exchange your American money for money of whichever country you are visiting.  To do this, you will need to understand the exchange rate.

What is an exchange rate?

An exchange rate lets you know how much your dollar is worth in another country.  Different countries have different exchange rates. Based on the worth of the dollar, you will either have more currency in another country or less currency in that country.

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