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GCSE Maths: Exchange Rates & Currency

Convert between currencies by multiplying or dividing by the exchange rate, and compare prices across countries. Adaptive practice for AQA, Edexcel, OCR and Eduqas.

RatioFoundation & HigherAQA · Edexcel · OCR · Eduqas

What you need to know

The concepts examiners test on exchange rates & currency, and what each one is really asking.

Convert an amount from one currency to another using a given rate
Convert back again by reversing the operation
Decide whether to multiply or divide from the way the rate is written
Compare prices in two currencies by converting to a common one

Where marks get lost

The exam technique that separates a correct method from a correct answer.

  • Multiplying when you should divide, or the reverse
  • Rounding partway through a two-step conversion
  • Comparing prices in two different currencies without converting first
  • Giving money to 3 or more decimal places

Exchange Rates & Currency questions students ask

Is Exchange Rates & Currency on the Foundation paper?

Yes. Exchange Rates & Currency appears at both Foundation and Higher tier, though Higher papers take it further.

What should I know before starting Exchange Rates & Currency?

It builds on Decimals and Ratio and Proportion. If those feel shaky, practise them first — Exchange Rates & Currency questions assume them.

What is the most common mistake in Exchange Rates & Currency?

Multiplying when you should divide, or the reverse.

Which exam boards cover Exchange Rates & Currency?

All four we support — AQA, Edexcel, OCR and Eduqas. GCSE Maths subject content is set by the DfE, so the topic is common to every board; what changes is the paper structure and the grade boundaries.