Lesson 4 · Using Exchange Rates: Devaluation, Revaluation and Exports

Currency and Exchange Rate

MathematicsSubject
8 minEstimated read
1You are going abroad on an educational excursion. Can you buy goods and food there by spending Nepali rupees?
2Sagun is a well-known businessman who imported goods from abroad. Can he pay the bills in Nepali rupees?
3Nepalis working abroad send money home. Does the family get it in Nepali rupees? On what basis is the amount in rupees decided?
4Who determines the exchange rate of currency in our country?
5If the currency of America is called the dollar, what is the currency of China called?
6Why is the selling rate more than the buying rate?
7What are the buying rate and the selling rate?
8Using the exchange rates of Bhadra 5, 2079, find the difference between the buying price and the selling price of 500 pounds sterling.
9On a certain day, 1 US dollar = Rs. 126.35. How many US dollars can be exchanged for Rs. 85,500?
10On the same day, how many rupees can be exchanged for USD 3,000?
11Ram, who works in South Korea, sends home 20,000 Korean won. If the buying rate is Rs. 9.58 for 100 won, how many rupees does the family get?
12A traveller going to Europe has Rs. 50,000. If the selling rate is Rs. 128.73 for 1 euro, how many euros will the traveller get?
13The buying rate for 100 Indian rupees is Rs. 160. How many Nepali rupees are received for 5,000 Indian rupees?
14Why is the date always written along with an exchange rate?