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Currency Conversion Practice

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Currency Conversion Practice

Currency exchange illustration

💰 Part 1: Basic Currency Conversions

WALT: Convert NZ dollars into other currencies and vice versa using decimal operations.

Exchange Rates (as of today):
1 NZD = 0.92 AUD (Australian Dollar)
1 NZD = 0.61 USD (US Dollar)
1 NZD = 4.25 CNY (Chinese Yuan)
1 NZD = 0.48 GBP (British Pound)

1. Sarah has $150 NZD and wants to convert it to Australian dollars. How much AUD will she receive?

Answer: $_______ AUD

2. Tom bought something online for 25 USD. How much did this cost in NZ dollars?

Answer: $_______ NZD

3. Which conversion gives you the most foreign currency for $100 NZD?

Australian Dollars (AUD)

US Dollars (USD)

Chinese Yuan (CNY)

British Pounds (GBP)

4. A family is planning a trip to the UK. They need 500 GBP for their holiday. How much NZD do they need to exchange?

Answer: $_______ NZD

🏪 Part 2: Cash vs Electronic Transactions

Remember: Cash transactions round to 2 decimal places, electronic transactions can show more decimal places.

5. You buy a souvenir in Australia for 15.50 AUD. Calculate the NZD cost for both cash and electronic payment:

Electronic payment (4 decimal places): $_______ NZD

Cash payment (2 decimal places): $_______ NZD

6. Which situations would require currency conversion? Check all that apply:

Buying from an overseas online store

Travelling to Australia for holidays

Shopping at your local supermarket

Sending money to family overseas

Buying petrol in New Zealand

7. Explain why electronic transactions can show more decimal places than cash transactions:

🎯 Part 3: Real-World Application

8. Maria is comparing prices for the same item:

• New Zealand store: $85 NZD
• US online store: $45 USD (plus $8 USD shipping)

Total US cost in NZD: $_______ NZD

Which is cheaper? Circle one: NZ Store / US Store

9. You have $200 NZD to spend on your trip to China. If you exchange all of it to Chinese Yuan, how much CNY will you have?

Answer: _______ CNY

10. Describe one situation where understanding currency conversion would be important in your daily life:

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