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CURRENCY

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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CURRENCY

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  1. CURRENCY

  2. 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

  3. 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.

  4. 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

  5. EXAMPLES OF CURRENCY FROM SPANISH-SPEAKING COUNTRIES

  6. PESO • Argentina  $1 = 5 Pesos • Chile  $1 = 530 Pesos • Colombia  $1 = 2000 Pesos

  7. PESO • Cuba  $1 = 25 Pesos • Dominican Republic  $1 = 35 Pesos • Mexico  $1 = 12 Pesos • Uruguay  $1 = 20 Pesos

  8. EURO • Spain • Also used in the rest of the European Union • $1 = 0.75 Euros

  9. DOLAR • El Salvador • $1 = 9 Dolares BOLIVAR • Venezuela • $1 = 4 Bolivares

  10. QUETZAL • Guatemala • $1 = 9 Quetzals COLON • Costa Rica • $1 = 550 Colones

  11. BOLIVIANO • Bolivia • $1 = 7 Bolivianos LEMPIRA • Honduras • $1 = 20 Lempiras

  12. CORDOBA • Nicaragua • $1 = 20 Cordobas GUARANI • Paraguay • $1 = 5000 Guaranis

  13. U.S. DOLLAR NUEVO SOL • Panama (Balboas) • Ecuador • Peru • $1 = 3 Nuevo Sol

  14. CONTEXT Why do we need to know this?

  15. 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

  16. 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

  17. ACTIVIDAD ¿PRECIO BUENO O PRECIO MALO?

  18. ¿PRECIO BUENO O PRECIO MALO? • Apple Bottom Jeans • You paid 12,000 Mexican Pesos • $1 = 12 Pesos

  19. ¿PRECIO BUENO O PRECIO MALO? • Video Game • You paid 20 Euros • Spain • $1 = 0.75 Euros

  20. ¿PRECIO BUENO O PRECIO MALO? • Flamin’ Hot Cheetos • You paid 200 Cuban Pesos • $1 = 25 Cuban Pesos

  21. ¿PRECIO BUENO O PRECIO MALO? • Jay-Z CD • You paid 100 Lempiras • Honduras • $1 = 20 Lempiras

  22. ¿PRECIO BUENO O PRECIO MALO? • Pack of Frooties • You paid 10,000 Guaranis • Paraguay • $1 = 5,000 Guaranis

  23. ACTIVIDAD You have $10 to spend while traveling in Argentina The Exchange Rate is $1 = 5 Pesos Use ALL $10 to purchase 1 or more of the items throughout the room

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