L2 Currency Conversions

Submitted by Jon Wolf on 22 July 2020.

This is a Level 2 based Currency Conversion set of 4 questions with resource sheets and answers. All exchange rates resources were obtained from web sites such as The Post Office and the Bank of England.

Editor's note

Also provides useful practice in multiply, dividing with decimals (up to 4 decimal places); sensible rounding of answers; and extracting data from tables.

Currency tables are included within the resource or you can download the original tables below. Alternatively, learners can access the live websites (links within the resource) for the latest exchange rates. Answer sheet and detailed Functional Skills mapping (pages 4-6 of the resource) are only available to skillsworkshop contributors or donors.

Resource File(s)

Main resource

Basic top 5 currencies buying and selling prices (July 6 2020)

All currency exchange rates against the £ sterling (July 6 2020)

Resource type

Worksheet(s) or assignment

Physical format

There are three pages for the student which are the question sheet (Word Document), The Post Office information (Word Document) and the currency exchange table (PDF document direct from the Internet). The question sheet is based at Level 1 maths but possible questions 3 and 4 might be more for Level 2 or a good stretch and challenge for Level 1.

The fourth document if the answer sheet to the questions showing workings.

Level

Level 1

Level 2

GCSE L1-5

Maths

FM Straightforward problem(s) with more than 1 step

FM Complex multi-step problem(s)

FM L2.13 Calculate amounts of money, compound interest, percentage increases, decreases & discounts inc. tax & budgeting

FM L2.14 Convert between metric & imperial units of length, weight & capacity using a) a conversion factor & b) a conversion graph

FM L2.10 Add, subtract, multiply & divide decimals up to 3 decimal places

Context

Business & Money management