Practice English Vocabulary Exercises – Vocabulary for Banking and Finance: Currency markets 1

Today’s exchange rates

A. Which is correct? (Choose one from each group)

1   a   There are 1.23 dollars to a Euro.

     b   There are 1.23 dollars for a Euro.

     c   There are 1.23 dollars to the Euro.

     d   There are 1.23 dollars to a Euro.

2   a   The euro is currently at 1.23 against the dollar.

     b   The euro is currently at 1.23 for the dollar.

3   a   No. 1 above is how ordinary people say it; no. 2 is how it’s reported in the news.

     b   No. 2 above is how ordinary people say it; no. 1 is how it’s reported in the news.

B. Look at the exchange rate chart, and write words or numbers into the spaces.

1   At the moment there are _________________ euros to the pound.

2   The pound is standing _________________ _________________ against the dollar.

3   You’ll get just _________________ two dollars to the pound.

4   A dollar is worth just _________________ fifty pence.

5   How many euros will I _________________ for £100?

6   How much is $39.95 _________________ pounds?

7   I’d like to change these pounds _________________ euros please.

8   I’d like to exchange these pounds _________________ euros please.

C. Look at the chart, and answer true or false.

1   The dollar started the year just below sixty pence. TRUE / FALSE

2   The dollar went into free fall in January and February. TRUE / FALSE

3   The decline of the dollar levelled off in March. TRUE / FALSE

4   The dollar hit a low of £0.50 at the beginning of March. TRUE / FALSE

5   Since March, the dollar has made a full recovery. TRUE / FALSE

6   The dollar has recovered very slightly since March. TRUE / FALSE

7   Since March, the dollar has made a partial recovery, but remains weak. TRUE / FALSE

8   The dollar halved in value in the first three months of the year. TRUE / FALSE

9   The dollar lost nearly a fifth of its value in the first quarter. TRUE / FALSE

10   The dollar is currently trading at around 53p. TRUE / FALSE

D. Put the words into the correct columns. All could go into this sentences:

The dollar …………………. against the euro.