Foreign Exchange in Tourism is one of 9 topics in the Grade 12 Tourism CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. If the exchange rate is 1 USD = 18 ZAR, this means:
One US Dollar can be exchanged for 18 South African Rand
One South African Rand can be exchanged for 18 US Dollars
The Rand and Dollar are equal in value
18 US Dollars equals 1 South African Rand
Answer: One US Dollar can be exchanged for 18 South African Rand — An exchange rate of 1 USD = 18 ZAR means one US Dollar is worth (can be exchanged for) 18 South African Rand.
Easy
2. Using an exchange rate of 1 USD = 18 ZAR, convert 50 USD to ZAR (Rand amount = foreign amount x exchange rate).
Answer: 900 — Rand amount = foreign amount x exchange rate = 50 x 18 = 900 ZAR.
Medium
3. Using an exchange rate of 1 USD = 18 ZAR, convert 900 ZAR to USD (foreign amount = Rand amount ÷ exchange rate).
