Graphing Exchange Rates
A Grade 10 math worksheet focusing on understanding and graphing exchange rates, including interpreting data and making conversions.
Includes
Standards
Graphing Exchange Rates
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Read each question carefully and answer to the best of your ability. Show all your work for calculations. Use the provided graph paper for plotting points where necessary.
1. An exchange rate indicates the value of one currency in terms of another. If the exchange rate between USD and EUR is 1 USD = 0.85 EUR, how many EUR would you get for 250 USD?
2. If you have 500 EUR and the exchange rate is 1 EUR = 1.18 USD, how many USD would you get?
3. The table below shows the exchange rate between Canadian Dollars (CAD) and Japanese Yen (JPY) over five days.
Day | CAD | JPY (1 CAD = 1 JPY) ---|---|--- 1 | 1 | 85.5 2 | 1 | 86.2 3 | 1 | 85.0 4 | 1 | 86.8 5 | 1 | 87.1
Plot these exchange rates on the graph provided below. Label your axes clearly.
4. Based on your graph from question 3, on which day was the Canadian Dollar strongest against the Japanese Yen?
5. What was the approximate exchange rate on Day 2 according to your graph?
6. Which of the following best describes a weakening currency?
Its value increases compared to another currency.
Its value decreases compared to another currency.
Its value remains stable.
It can only be exchanged for gold.
7. Explain why businesses that import goods might be concerned about fluctuating exchange rates.
8. When a currency strengthens, it means you need of that currency to buy the same amount of a foreign currency.
9. A graph showing exchange rates over time is typically a graph.