Question
As you read Chapter 9 you will learn what an exchange rate is. It is simply how much one currency is worth in comparison to
As you read Chapter 9 you will learn what an exchange rate is. It is simply how much one currency is worth in comparison to another countries currency. Remember currency is money value. Every country has a currency and this is how that country buys and sells goods- using this currency. Our currency in the United States is the US Dollar. The currency I grew up with in England is the British Pound. There were many summers I traveled to my family in England and the exchange rate was not good? Did I still travel - yes to see family. Would I now travel if the exchange rate is not good- no!
So when you travel do you look up how much the exchange rate is of the country you plan to visit - compared to the United States currency Dollar? Well if you don't you will start after this lesson.
Discussion Directions:
1.) Choose a country to travel to this summer. Tell us what country that is.
2.) Look up their exchange rate in relationship to the USA dollar. https://www.xe.com/currencyconverter/Links to an external site.
Just select the country and use the arrow button.
3.) Discuss whether this rate exchange rate is good? How do we know if it is good or not. You want as much for your dollar as you can get. Will you get good value for your money traveling to this country?
travel to Dubai
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