Currency Exchange Worksheet


Exchange Rate Number of Won Needed
to Purchase
$20,000 car
Number of Dollars Needed
to Purchase
15,000,000 Won Car
Won to Dollar




Dollar to Won




Fill in the second column of the table with the current exchange rates obtained from the Yahoo! Finance - Currency Converter.

Then multiply the conversion rate times the price of the car to obtain the price of the car in the other currency.

Did you notice the relationship of the two exchange rates? Each is the reciprocal of the other. A reciprocal is a number related to another in such a way that when multiplied together their product is 1. For example, the reciprocal of 7 is 1/7.

Thus, if it takes 1500 won to buy a dollar, the number of dollars it would take to buy one won is 1 divided by 1500 or .000667 dollars.

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