Money Exchange from Foreign to US

Students will learn to exchange foreign money to American money.

Teaching Objectives:

  • Students will learn about exchange rates.
  • Students will learn about exchanging money.
  • Students will learn how to exchange foreign money to American dollars.

Suggested Grade Level

6th – 9th Grade

Lesson Excerpt:

What is money exchange?

Exchanging money happens when you travel from one country to another country. Different countries use different forms of currency. When you are in that particular country, you have to use the form of currency that is customary in that country. Otherwise, you won’t be able to purchase anything.

Exchanging money is a skill that you will need if you ever decide to travel outside of the Unites States. While some other countries do accept American money, most will make you exchange your money for the currency common in the country that you are visiting.

What is an exchange rate?

Money is exchanged according to an exchange rate.  An exchange rate tells you how much a particular form of currency is worth in another country.  The American dollar is worth certain amounts in different countries. Sometimes it is worth more and sometimes it is worth less.

Here is an example of an exchange rate.

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