IGCSE Math RevisionWorked example 1: Converting currency
The exchange rate is £1 = €1.18. Change €531 into pounds.
Solution
- Euros to pounds: divide by the rate.
- \(531\div1.18=450\).
Answer: £450
Tip: Check it makes sense: you get fewer pounds than euros.
Edexcel IGCSE Maths (4MA1) · Unit 1: Number
IGCSE Maths Exchange Rates and Best Buys Questions and Answers
Exchange Rates and Best Buys questions with full solutions for Pearson Edexcel International GCSE Mathematics A (4MA1), Higher tier. Read the worked example first, then try the 3 exam-style questions yourself and check your working against the mark scheme.
- 1 worked example
- 3 questions with mark schemes
- Higher tier · calculator allowed
- Free, no sign-in
What this topic covers
- Applying Number: Exchange Rates & Best Buys: Using number in context: exchange rates, best buys and money problems.
Exchange Rates and Best Buys worked examples
Exchange Rates and Best Buys exam-style questions
Try each question before you open the answer. The mark schemes use Edexcel-style marks: M for method, A for accuracy (after the method mark), B for an independent result.
Question 1
The exchange rate is £1 = €1.16. Change £350 into euros.
Show the answer and mark scheme
- M1 350 × 1.16
- A1 406 cao
Answer: €406
Question 2
Washing liquid is sold in three sizes: 1.5 litres for £4.20, 2 litres for £5.40 and 3.5 litres for £9.66. Which size is the best value for money? Show your working.
Show the answer and mark scheme
- M1 price per litre (or litres per £) for at least one size, e.g. 4.20 ÷ 1.5 = 2.80
- M1 comparable figures for all three sizes: 2.80, 2.70, 2.76
- A1 2 litres, with correct figures
Answer: The 2 litre size (£2.70 per litre)
Question 3
A hotel in Stockholm costs 2 450 kronor per night. The exchange rates are £1 = €1.17 and €1 = 11.4 kronor. Work out the cost, in pounds, of staying 3 nights at the hotel. Give your answer to the nearest penny.
Show the answer and mark scheme
- M1 2450 × 3 (= 7350)
- M1 7350 ÷ 11.4 ÷ 1.17 or 7350 ÷ 13.338
- A1 551.06 cao
Answer: £551.06
Every question and worked example here is original, written for IGCSE Math Revision rather than copied from Pearson papers, and each answer was re-solved independently before publishing.
Revise exchange rates and best buys for the exam
- Unit 1 practice: Number in the student hub (more questions with mark schemes)
- IGCSE Maths revision notes for this topic and the IGCSE Maths formula sheet
- Edexcel IGCSE Maths 4MA1 past papers to practise under exam conditions
- IGCSE Maths 4MA1 examiner report summary: where students lose marks
Questions students ask
Which Edexcel IGCSE Maths papers test exchange rates and best buys?
Either Higher tier paper, 1H or 2H, can test exchange rates and best buys: both cover the whole Pearson Edexcel International GCSE Mathematics A (4MA1) specification and both allow a calculator. Show your method, because most marks are for working.
Where can I practise more exchange rates and best buys questions?
In the IGCSE student hub: Unit 1 (Number) has more exam-style questions on this topic, each with a mark scheme. Practice starts with a 7-day free trial; the worked examples and questions on this page are free.