Common measures MSS1/L2.1

Skills, knowledge and understanding		Example
Adults should be taught to:
1 .	calculate with sums of money and convert between currencies	Calculate the price in sterling of an item quoted in dollars (e.g. prices on web sites). Calculate the price of an item or service when on holiday abroad, e.g. a meal, car hire, water sports, boat trip, etc. Calculate the value of currency brought back from holiday.
	understand that exchange rates of currencies are not fixed, but vary on a daily basis
	understand buying rate and selling rate

Sample activities

Use information from newspapers, banks, the Internet, etc. to find the value of £1 in different currencies. Discuss how these vary from day to day.
Given exchange rates for £1 for a selection of countries/currencies, calculate the equivalent amount for different sums, e.g. £10, £50, £100, £200.
Investigate the difference between the buying rate and the selling rate for different currencies and discuss the implications.
Use approximation to calculate the cost of goods in £ to compare prices in different currencies.
Use the Euro to compare the cost of goods in different countries.
Look at on-line shopping sites, hotels or flight prices, etc. that use different currencies on the Internet and convert the prices to £, using any relevant method.
Use a calculator to convert between currencies and check the calculation using a written or mental approximation.
Use bank buying rates to convert amounts in different currencies brought back from a holiday into £ again, e.g. 3000 pts, $50, etc.

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