I realized today that I have be en applying my math skills in a wonderful way! I went on a little shopping spree in the United States this afternoon, and realized half way through that I was figuring out exchange rates all day. Living so close to the border (Detroit) has allowed me to exercise this throughout the years. I do not travel outside Canada very often, however, I think it is important that children learn how to figure exchange rates, so they do not get confused with the use of various currencies throughout the world. This could be done through the math curriculum as well. After all, figuring out how to exchange currency does involve multiplication! For example, here is an problem:
Pam is going on a trip to Texas and has $250 Canadian Dollars (CND) . If the exchange rate is 1 CND = .6733 USD how much American money will she be able to get?
- a) Set up the equation
- 1 CND = .6733 USD
- b) Multiply both sides by $250
- 1 CND (250) = .6733 USD (250)
- $250 CND = $168.325 USD
- Pam will have $168.33 American Dollars from her $250 Canadian Dollars
- This is definitley a convenient skill to have weather you are travelling, or work in a bank etc. I know I use it quite often!
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