Ratio & ProportionIntroduction

Planning Your Holiday Budget

Part of Exchange RatesGCSE Mathematics

This introduction covers Planning Your Holiday Budget within Exchange Rates for GCSE Mathematics. Revise Exchange Rates in Ratio & Proportion for GCSE Mathematics with 12 exam-style questions and 22 flashcards. This topic appears less often, but it can still be a useful differentiator on mixed-topic papers. It is section 1 of 7 in this topic. Use this introduction to connect the idea to the wider topic before moving on to questions and flashcards.

Topic position

Section 1 of 7

Practice

12 questions

Recall

22 flashcards

Planning Your Holiday Budget

You're planning a trip to Europe and need to work out how much money to take. The exchange rate from pounds to euros is £1 = €1.15, but the bank charges commission. How much will €500 actually cost you? Understanding exchange rates helps you budget for travel, compare prices internationally, and understand global economics.

Keep building this topic

Read this section alongside the surrounding pages in Exchange Rates. That gives you the full topic sequence instead of a single isolated revision point.

Practice Questions for Exchange Rates

The exchange rate is £1 = €1.15. How many euros would you get for £100?

  • A. €86.96
  • B. €100
  • C. €115
  • D. €1.15
1 markfoundation

The exchange rate is £1 = $1.25. A jacket costs £89 in the UK and $105 in the USA. In which country is the jacket cheaper? Show your working.

3 marksstandard

Quick Recall Flashcards

What is an exchange rate?
The rate at which one currency can be exchanged for another currency.
What is a fixed fee in currency exchange?
A set amount charged regardless of the transaction size (e.g., £5 per transaction).

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