Year 8 · Unit 6 · Lesson 4 · teacher page

Teaching: exchange rates and fair comparisons

An exchange rate is the conversion factor of Lesson 3 with money in it. The new idea is that a comparison needs one currency and one amount, and that the answer can depend on the rate.

Number and AlgebraNo calculator

At a glance. One lesson of about 60 minutes. Students convert a currency in both directions, find the rate for the reverse direction, and compare prices across currencies and pack sizes.

Calculator: no calculator. The rates are chosen to divide exactly, and the invented currencies keep the arithmetic in whole numbers where it matters. The work is in choosing what to multiply or divide.

What students will learn

Know

  • An exchange rate is a conversion factor between two currencies.
  • Multiply to change into the currency with the smaller unit value, divide to change back.
  • Prices are compared in one currency and for one amount.

Understand

  • The rate in the other direction is the reciprocal: 1 dirham = 20 rupees means 1 rupee = 0.05 dirham.
  • A comparison across currencies can change when the rate changes.
  • Totals for different pack sizes cannot be compared: only a price for one can.

Do

  • Convert a price from one currency to another and back.
  • Compare prices in different currencies and pack sizes.
  • Find the exchange rate at which two prices are equal.

MYP assessment criteria

Wording paraphrased. What this lesson gives you evidence for, and what to look for:

The one thing to do with the figure

Ask for a prediction before the slider moves. “15 dirhams or 330 rupees: which is cheaper?” Most students say 15. Ask what fact they would need, and keep the answer (the exchange rate) on the board.

Then move the rate slowly through 22 and ask the room to say “now” when the answer flips. Ask what the rate would have to be for the two prices to be exactly equal, before the slider reaches it.

A possible order

5 minWarm-up from the student page, in silence, then answers.
10 minHook: headphones in two currencies, with predictions. The figure on the board.
10 minKey idea; the break-even rate; the reverse conversion as a reciprocal.
10 minBoth worked examples; students finish the faded tea example in pairs.
5 minQuestion 1, the check. If many choose A, ask which currency has the bigger numbers for the same price.
15 minYour turn, Levels 1 to 3, at each student's own pace.
5 minExit ticket, question 9, on paper or on screen.

The answers

Warm-up2400 mL; 100 rupees; 36 rupees.
Worked example 135 dirhams.
Worked example 2The 2 kg pack, 75 against 80 rupees per kilogram.
Faded exampleThe 1 kg pack, 360 against 380 rupees per kilogram.
1. Which way to convertB, divide by 20. A converts the other way; C and D mix the currencies.
2. Dirhams to rupees264. 12 × 22 = 264 rupees.
3. Rupees to dirhams20. 440 ÷ 22 = 20 dirhams.
4. Comparing across currencies30. 15 × 32 = 480 taka, and 480 − 450 = 30.
5. A rate and its reverse20. 1 ÷ 0.05 = 20, because 20 × 0.05 = 1.
6. Price per litre10. 180 per litre and 170 per litre; 180 − 170 = 10.
7. Break-even exchange rate20. 560 ÷ 28 = 20 rupees per dirham.
8. There and back again160. 200 × 20 = 4000 rupees, and 4000 ÷ 25 = 160 dirhams.
9. One currency and one kilogramC. A compares raw numbers; B changes the currency but not to one kilogram; D finds one kilogram but not in one currency.

What each wrong answer tells you

They giveWhat it usually meansWhat to do
A, C or D in question 1; 9680 in question 3Multiplied or added when converting to the currency with the larger unit value.Ask which currency has the bigger number for the same price, then which operation makes a number smaller.
34 or 10 in question 2; 418 in question 3Added or subtracted the exchange rate.Say it as “22 rupees for each dirham” and ask how many dirhams there are.
480 or 435 in question 4Stopped after converting, or compared the numbers in different currencies.Underline what is asked: how much cheaper. Put both in taka first.
0.05 or 0.95 or 5 in question 5Did not invert the rate, or subtracted.Check by multiplying: 20 × 0.05 should make 1.
180 or 250 in question 6Gave one bottle's price per litre, or the difference of the totals.Fill in a two-row table of litres and rupees, and work out the price for one litre in both.
588, 15680 or 532 in question 7Added, multiplied or subtracted the two prices.Write 28 × rate = 560 and ask what the rate must be.
200, 5000 or 4000 in question 8Used one rate for both steps, or stopped in the middle.Draw the two steps as a chain and label each arrow with its rate.
A, B or D in question 9Compared raw numbers, or matched only the currency, or only the amount.Ask for both: one currency and one kilogram, then compare.

Questions worth asking

Differentiation

A way in for anyone stuck

Stretch

Students learning in English as an additional language

Money words can be confused with each other. Show a coin or note of each currency, or a picture, with its name written below.

WordPlain meaningExample
exchange ratehow much of one currency one unit of another is worth1 peso = 5 rupees
currencythe money of a countrydirham, rupee, taka
convertchange from one unit or currency to another12 pesos to rupees
reciprocalthe number you multiply by to get 14 and 0.25
break-eventhe point where two things are equal10 dirhams = 250 rupees at 25
per kilogramfor each one kilogram80 rupees per kilogram

Sentence starters for explaining aloud or in writing:

Two things not to say

“Always multiply by the rate.” It depends on which currency you are going to. Ask which has the bigger numbers.

“The bigger pack is always better value.” Sometimes it is, but only the price per kilogram says so.

Questions to set

Extra practice in three tiers, including one question from earlier work for spacing. Every answer has been checked.

1Fluency

The idea on its own, with friendly numbers. Set these first.

  1. Currency1 dirham = 22 rupees. Change 9 dirhams to rupees.
    198 rupees.
  2. Back againChange 660 rupees to dirhams at the same rate.
    30 dirhams.

2In context

The same idea inside a situation, where the first job is deciding what to calculate.

  1. ShoppingA kettle costs 45 dirhams in Sharjah and 1050 rupees in Kochi. At 1 dirham = 22 rupees, which is cheaper, and by how many rupees?
    Sharjah: 45 × 22 = 990 rupees, which is 60 rupees cheaper than 1050.
  2. Per kilogramSugar is sold as 2 kg for 124 rupees or 5 kg for 300 rupees. Which is cheaper per kilogram?
    5 kg: 62 rupees against 60 rupees per kilogram.
  3. Earlier work (Lesson 3)A bottle holds 0.75 litres and a jug holds 3 litres. How many bottles fill the jug?
    4 bottles: 3 ÷ 0.75 = 4.

3Challenge

Reasoning, generalizing and working backwards.

  1. Chain of rates1 dirham = 22 rupees and 1 rupee = 1.5 taka. How many taka is 1 dirham?
    22 × 1.5 = 33 taka.
  2. Which wayThe rate moves from 1 dirham = 22 rupees to 1 dirham = 24 rupees. Is a 12-dirham item cheaper or dearer in rupees, and by how much?
    Dearer: 12 × 24 = 288 against 12 × 22 = 264, which is 24 more.

Practicalities

Works on a phone or a shared screen. Nothing a student types is saved or sent anywhere.

The slider works with the keyboard (tab to it, then the arrow keys) and by touch. Under the figure, “Show me the steps” gives the same states in words.

No device? Write the rates on the board and give each pair a price card in one of two currencies; they swap and convert.