CURRENCY

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CURRENCY - PowerPoint PPT Presentation

CURRENCY. What is Currency?. Currency is the money the government and the people use within a given country Every country has their own type of currency In the U.S. this is the DOLLAR (\$) 1 unit of currency in one country is not equal to 1 unit of currency in another country.

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Presentation Transcript

CURRENCY

What is Currency?
• Currency is the money the government and the people use within a given country
• Every country has their own type of currency
• In the U.S. this is the DOLLAR (\$)
• 1 unit of currency in one country is not equal to 1 unit of currency in another country
Currency in Spanish-Speaking Countries
• Each Spanish-Speaking Country has their own form of currency.
• Each Spanish-Speaking Country’s currency is valued at a different amount in comparison to the U.S. Dollar.
Exchange Rate
• Exchange rate = How much one currency is worth in terms of another currency
• A high exchange rate means that a currency is more highly demanded than another
• U.S. Dollar is demanded more than the Colombian Peso
• \$1 = 2000 Pesos
• A low exchange rate means that a currency is not as highly demanded as another
• U.S. Dollar is demanded less than the Spanish Euro
• \$1 = 0.75 Euros

EXAMPLES OF CURRENCY

FROM SPANISH-SPEAKING COUNTRIES

PESO
• Argentina  \$1 = 5 Pesos
• Chile  \$1 = 530 Pesos
• Colombia  \$1 = 2000 Pesos
PESO
• Cuba  \$1 = 25 Pesos
• Dominican Republic  \$1 = 35 Pesos
• Mexico  \$1 = 12 Pesos
• Uruguay  \$1 = 20 Pesos
EURO
• Spain
• Also used in the rest of the European Union
• \$1 = 0.75 Euros
DOLAR
• \$1 = 9 Dolares

BOLIVAR

• Venezuela
• \$1 = 4 Bolivares
QUETZAL
• Guatemala
• \$1 = 9 Quetzals

COLON

• Costa Rica
• \$1 = 550 Colones
BOLIVIANO
• Bolivia
• \$1 = 7 Bolivianos

LEMPIRA

• Honduras
• \$1 = 20 Lempiras
CORDOBA
• Nicaragua
• \$1 = 20 Cordobas

GUARANI

• Paraguay
• \$1 = 5000 Guaranis
U.S. DOLLAR

NUEVO SOL

• Panama (Balboas)
• Peru
• \$1 = 3 Nuevo Sol

CONTEXT

Why do we need to know this?

Why is this important?
• Part of learning a language is learning the culture in a way that you would be able to function in a different country
• Knowing about currency and how to convert it is a helpful tool in traveling
Currency Conversion
• To determine how many U.S. dollars you spend:
• How much you spent in other currency

Exchange Rate

• EXAMPLE:
• You spent 10,000 Colombian Pesos on a shirt. The exchange rate is \$1.00 = \$2,000 Pesos. How much money did you actually spend?

10,000 ÷ 2,000 = \$5.00

¿PRECIO BUENO O PRECIO MALO?

¿PRECIO BUENO O PRECIO MALO?
• Apple Bottom Jeans
• You paid 12,000 Mexican Pesos
• \$1 = 12 Pesos
¿PRECIO BUENO O PRECIO MALO?
• Video Game
• You paid 20 Euros
• Spain
• \$1 = 0.75 Euros
¿PRECIO BUENO O PRECIO MALO?
• Flamin’ Hot Cheetos
• You paid 200 Cuban Pesos
• \$1 = 25 Cuban Pesos
¿PRECIO BUENO O PRECIO MALO?
• Jay-Z CD
• You paid 100 Lempiras
• Honduras
• \$1 = 20 Lempiras
¿PRECIO BUENO O PRECIO MALO?
• Pack of Frooties
• You paid 10,000 Guaranis
• Paraguay
• \$1 = 5,000 Guaranis