Learning Exercise: Comparisons of Global Currencies
Go to the Geographic Directory website and click on Europe.
You will see a large number of countries listed. Select six of these countries. Click on each one, and you will be able to see the front and back of the paper currency. After viewing six of these, answer the following question:
1. What do each of these currencies have in common?
2. How do they compare to the US dollar bill?
Now go to the supplemental website:
3. Compare the value of each of the foreign currencies to US dollars.
4. In two weeks, return to this website and again calculate the equivalent amounts of money to the US $.
Have the values changed?
5. If any of the values have changed, how does this affect the purchasing power of a resident of that country who would be visiting the U.S.?