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.
Answer: £450
3 steps
Tip: Check it makes sense: you get fewer pounds than euros.
Edexcel IGCSE Maths (4MA1) · Unit 1: Number
Edexcel IGCSE 4MA1 Exchange Rates and Best Buys: Exam 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 8 exam-style questions yourself and check your working against the mark scheme.
- 1 worked example
- 8 questions with mark schemes
- Higher tier · calculator allowed
- Free, no sign-in
Try it first
1 of 5
- Question 1 of 5
- Question 2 of 5
- Question 3 of 5
- Question 4 of 5
- Question 5 of 5
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A price changes from
The exchange rate is 1 £ = 1.16 €. Convert £250 to €.
A car travels
A price changes from
The exchange rate is 1 € = 0.86 £. Convert €80 to £.
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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 (one has its full worked solution open). 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
The exchange rate is £1 = 187 Japanese yen. Kaito has 15 000 yen. Change 15 000 yen into pounds. Give your answer to the nearest penny.
Show the answer and mark scheme
- M1 15 000 ÷ 187
- A1 80.21 cao
Answer: £80.21
Question 3
A pack of 6 yoghurts costs £2.10. A pack of 8 of the same yoghurts costs £2.72. Which pack is the better value? You must show your working.
Show the answer and mark scheme
- M1 finds a comparable figure for both packs, e.g. 2.10 ÷ 6 = 0.35 and 2.72 ÷ 8 = 0.34
- A1 pack of 8 with correct supporting figures
Answer: The pack of 8 (34p per yoghurt against 35p)
Question 4
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.
Full worked solution Free, no sign-in
- 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)
Every question here has a full worked solution. See them all →
Question 5
Amira changes £600 into Swiss francs. The bureau first deducts a commission of 2% of the £600 and then changes the rest at £1 = 1.13 Swiss francs. How many Swiss francs does Amira receive?
Show the answer and mark scheme
- M1 600 × 0.98 (= 588) or 600 × 0.02 (= 12) subtracted
- M1 their 588 × 1.13
- A1 664.44 cao
Answer: 664.44 Swiss francs
Question 6
A pair of trainers costs £84 in London. The same trainers cost 8 700 rupees in Mumbai. The exchange rate is £1 = 106.5 rupees. In which city are the trainers cheaper, and by how much in pounds?
Show the answer and mark scheme
- M1 8700 ÷ 106.5 (= 81.69…) or 84 × 106.5 (= 8946)
- M1 difference found in pounds, e.g. 84 − 81.69
- A1 Mumbai, by £2.31
Answer: Mumbai, by £2.31
Question 7
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
Question 8
Ella needs 60 cans of lemonade. Shop A sells packs of 12 cans for £5.40 each, with the offer 'buy 2 packs, get a third pack half price'. Shop B sells packs of 20 cans for £9.20 each, with 15% off every pack. Which shop is cheaper for 60 cans, and by how much?
Show the answer and mark scheme
- M1 Shop A: 5 packs needed, with one pack at half price, e.g. 4 × 5.40 + 2.70
- A1 Shop A £24.30
- M1 Shop B: 3 × 9.20 × 0.85
- A1 Shop B £23.46, so Shop B cheaper by £0.84 (84p)
Answer: Shop B, by 84p (£23.46 against £24.30)
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.
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