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.
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. Use this page as part of a wider topic revision path rather than treating it as an isolated fact. It is section 1 of 8 in this topic. Use this introduction to connect the idea to the wider topic before moving on to questions and flashcards.
Practice questions for Exchange Rates
The exchange rate is £1 = €1.15. How many euros would you get for £100?
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.