Learn how not to fear currency conversion questions with our handy tips and guidelines
Content Table:
1) Free Test
2) Exchange Tables
3) Determine Which Currency is Stronger
4) Sample Questions
5) Test Preparation
Currency & Unit Conversion Free test 


Test Time  8 min 
Questions  6 
Pass Score  8 

Usually, currency exchange data is presented in tables. The first type of currency table simply specifies other currencies with respect to one currency whose value is assumed to be 1.
In this case, the table's title would be: 'Currency exchange rates per 'x'.
Consider the following form:
In the above table, looking at the first value: 1 AUD is worth 0.651 GBP, and 1 GBP is worth 1.5354 AUD.
Another example of this form is the following table:
In the above table, 1 AED is worth 0.272300 USD, and 1 USD is worth 3.6724 AED.
Another popular table includes a group of currencies which are compared to each other within the table's columns. This table is sometimes more confusing at first, but learning its concept is fairly easy:
To avoid confusions, make sure to use the leftmost column as the reference point.
Choosing a currency from that column, means you are now comparing the value of one unit of that currency to other currencies within that row.
A rule of thumb could be adding the digit 1 before each currency on the leftmost column.
For example, if we look at USD in the leftmost column, and then compare it to currencies within the first row, we are actually comparing the value of 1 USD to other currencies including USD. In this case, USD is weaker than all other currencies as one unit of it is worth less than 1 of any other currency, with GBP being the strongest:
1USD=0.6292GBP
Moving on to row 3 in the leftmost column, we see that 1 GBP is worth 1.5896 USD, which is the inverse of the aforementioned value.
When using the sentence 'USD to GBP conversion rate is' we actually mean that with each USD you can buy x GBP, with USD assumed to have a value of 1.
1 USD = 0.7155 EUR. The EUR is stronger than the USD. When compared to 1 USD its value is lower than 1.
Applying this pattern you can switch between any 2 currencies as well as using additional third currency as a converting factor.
Let's do some currency questions and see how you feel. These are not the hardest questions out there but they should give you an idea of what's in store for you on your test.
Sample Question 1
Which of these amounts is bigger: 40 pence or £0.70?
The correct answer is 0.70
There are one hundred pence in one pound:
£1 = 100 pence and therefore,
The number of pence in £0.70 is:
0.70 x 100 = 70 pence
70 pence are a bigger amount than 40 pence.
Another way of explaining it is that:
£1 = 100 pence and therefore,
1 penny = £1/100 = £0.01
40 pence = £40/100 = £0.40, which is a smaller amount than £0.70.
Sample Question 2
If you take away a whole pound from £15.75, how many pence are left?
The correct answer is £14.75
Subtracting a whole pound from £15.75 equals: 15.75 – 1.00 = £14.75
There are one hundred pence in one pound: £1 = 100 pence
To work out the number of pence in £14.75:
£14 = 14 x 100 = 1400 pence
£0.75 = 0.75 x 100 = 75 pence
1400 + 75 = 1475 pence
Sample Question 3
How many pounds does £0.25 + 25 pence make?
The correct answer is £0.50
1 penny = £1/100 = £0.01
Therefore, 25 pence = £25/100 = £0.25 0.25 + 0.25 = £0.5 which is 0.5 pound.
There are many different types of numerical reasoning tests with a variety of question formats and topics. Currency exchange questions are a common component of numerical reasoning tests and although they are tricky, they can be mastered with enough practice.
Numerical reasoning tests are commonly used as part of the assessment test battery in the recruitment process, particularly in the large financial and consulting companies.
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