Steply

Exchange rates

Foundations · 20 problems, easy to harder

▶ Watch the first one solved

How we do it

  1. Write the rate
  2. Multiply by the rate
  3. Check

The steps for $1 = €0.80. Change $250 to euros.. Every solution names its steps, so you always know what comes next.

Worked examples

$1 = €0.80. Change $250 to euros. Easy

The question

Question: change $250 to euros, when $1 = €0.80.

$1 = €0.80. Change $250 to euros.

1 Write the rate

The rate says: 1 dollar is worth 0.80 euros.

$1 = €0.80

From dollars to euros, we multiply by 0.80.

Going back, we divide by 0.80.

dollars → euros: × 0.80
euros → dollars: ÷ 0.80

2 Multiply by the rate

Each dollar is worth €0.80.

250 dollars are worth 250 times as much.

$250 = 250 × €0.80

250 times 0.80 is €200.

= €200

To multiply decimals: first 250 times 80, as whole numbers.

That is 20000.

Then count the decimal places: 2.

250 × 80 = 20000
2 decimal places: 200

Careful!

Check the direction.

Dollars to euros: we multiply by the rate.

Careful: dollars → euros: × the rate

So $250 is €200.

3 Check

Let's check: change the answer back.

€200 divided by 0.80 is $250.

change it back: €200 ÷ 0.80 = 250

That is what we started with.

So the answer is right!

$250 — what we started with

Let's look back.

First: write the rate.

Then: multiply by the rate.

Last: check.

Answer
Careful: dollars → euros: × the rate

▶ Watch it solved

$1 = €0.80. Change €60 to dollars. Medium

The question

Question: change €60 to dollars, when $1 = €0.80.

$1 = €0.80. Change €60 to dollars.

1 Write the rate

The rate says: 1 dollar is worth 0.80 euros.

$1 = €0.80

From dollars to euros, we multiply by 0.80.

Going back, we divide by 0.80.

dollars → euros: × 0.80
euros → dollars: ÷ 0.80

2 Divide by the rate

Each $1 gives €0.80.

So we find how many €0.80 fit in €60: we divide by 0.80.

€60 = $ 600.80

Careful!

From euros back to dollars goes the other way.

We divide, not multiply.

Careful: not 60 × 0.80 = 48 ✗

60 divided by 0.80 is $75.

= $75

To divide by 0.80, we move the point in both numbers 2 places: 6000 divided by 80.

60 ÷ 0.80 = 6000 ÷ 80 = 75

So €60 is $75.

3 Check

Let's check: change the answer back.

$75 times 0.80 is €60.

change it back: $75 × 0.80 = 60

That is what we started with.

So the answer is right!

€60 — what we started with

Let's look back.

First: write the rate.

Then: divide by the rate.

Last: check.

Answer
60 ÷ 0.80 = 6000 ÷ 80 = 75

▶ Watch it solved

$1 = €0.92. Change $65 to euros. Harder

The question

Question: change $65 to euros, when $1 = €0.92.

$1 = €0.92. Change $65 to euros.

1 Write the rate

The rate says: 1 dollar is worth 0.92 euros.

$1 = €0.92

From dollars to euros, we multiply by 0.92.

Going back, we divide by 0.92.

dollars → euros: × 0.92
euros → dollars: ÷ 0.92

2 Multiply by the rate

Each dollar is worth €0.92.

65 dollars are worth 65 times as much.

$65 = 65 × €0.92

65 times 0.92 is €59.80.

= €59.80

To multiply decimals: first 65 times 92, as whole numbers.

That is 5980.

Then count the decimal places: 2.

65 × 92 = 5980
2 decimal places: 59.8

Careful!

Check the direction.

Dollars to euros: we multiply by the rate.

Careful: dollars → euros: × the rate

So $65 is €59.80.

3 Check

Let's check: change the answer back.

€59.80 divided by 0.92 is $65.

change it back: €59.80 ÷ 0.92 = 65

That is what we started with.

So the answer is right!

$65 — what we started with

Let's look back.

First: write the rate.

Then: multiply by the rate.

Last: check.

Answer
Careful: dollars → euros: × the rate

▶ Watch it solved

Practice

Try each one, then open the answer. Stuck? Open the problem to watch every step.

Easy

  1. $1 = €0.80. Change $250 to euros.
    Answer
    Careful: dollars → euros: × the rate
  2. $1 = €0.90. Change $40 to euros.
    Answer
    Careful: dollars → euros: × the rate
  3. £1 = $1.25. Change £60 to dollars.
    Answer
    Careful: pounds → dollars: × the rate
  4. €1 = $1.10. Change €30 to dollars.
    Answer
    Careful: euros → dollars: × the rate
  5. £1 = €1.20. Change £150 to euros.
    Answer
    Careful: pounds → euros: × the rate
  6. $1 = £0.75. Change $80 to pounds.
    Answer
    Careful: dollars → pounds: × the rate
  7. $1 = €0.85. Change $200 to euros.
    Answer
    Careful: dollars → euros: × the rate

Medium

  1. $1 = €0.80. Change €60 to dollars.
    Answer
    60 ÷ 0.80 = 6000 ÷ 80 = 75
  2. £1 = $1.25. Change $75 to pounds.
    Answer
    75 ÷ 1.25 = 7500 ÷ 125 = 60
  3. €1 = $1.20. Change $90 to euros.
    Answer
    90 ÷ 1.20 = 9000 ÷ 120 = 75
  4. $1 = €0.90. Change €45 to dollars.
    Answer
    45 ÷ 0.90 = 4500 ÷ 90 = 50
  5. £1 = €1.15. Change €69 to pounds.
    Answer
    69 ÷ 1.15 = 6900 ÷ 115 = 60
  6. $1 = £0.80. Change £36 to dollars.
    Answer
    36 ÷ 0.80 = 3600 ÷ 80 = 45
  7. €1 = £0.85. Change €120 to pounds.
    Answer
    Careful: euros → pounds: × the rate

Harder

  1. $1 = €0.92. Change $65 to euros.
    Answer
    Careful: dollars → euros: × the rate
  2. £1 = $1.27. Change £35.50 to dollars.
    Answer
    Careful: pounds → dollars: × the rate
  3. $1 = €0.93. Change €100 to dollars.
    Answer
    100 ÷ 0.93 = 10000 ÷ 93 ≈ 107.53
  4. £1 = €1.16. Change €50 to pounds.
    Answer
    50 ÷ 1.16 = 5000 ÷ 116 ≈ 43.1
  5. €1 = $1.08. Change €245 to dollars.
    Answer
    Careful: euros → dollars: × the rate
  6. $1 = £0.79. Change £20 to dollars.
    Answer
    20 ÷ 0.79 = 2000 ÷ 79 ≈ 25.32