March 26, 2021

 https://www.cbc.ca/player/play/2283460630

7B

- study for drug test on Monday

- Writing on Demand on Tuesday: Video Game character

- Math: Exchange Rate assignment

Exchange Rates

If you plan to take a vacation outside Canada, it is necessary to exchange Canadian dollar (C$) into the local currency after your arrival in the destination. 

 

Use this website and find the name of the local currency, an determine how much local currency you can get from C$100

Note: the currency rate fluctuates constantly

https://www.bankofcanada.ca/rates/exchange/currency-converter/

www.xe.com

If the exchange number is more than 100, then C$ is worth more

If the exchange number is less than 100, then C$ is worth less

 

	Name of currency	How much for C$100	Is this worth more or less than C$
Canada	Dollar	C$100.00	Same
US
United Kingdom
France
Italy
Iran
Mexico
South Korea
Japan
Thailand
India
Brazil
Turkey
Malaysia
Vietnam
South Africa
Switzerland
China

 

How will exchange rates affect us when we don’t travel? (goods, freight)

-       Most of the goods, including grocery, electronics, clothing, shoes, furniture, are manufactured outside Canada

-       Most of the items in your house are from China

-       How will the change in exchange rate affect the price of food? Electronics? Shoes?

 

Kwok’s note: 

-       We bought a lot of agriculture products from the US and Mexico

-       When C$ is cheap (lower exchange rate against USD and Peso), the agriculture products (fruits and vegetables, meat) will be more expensive for everyone in Canada because it costs more to buy them from USA and Mexico