What is Money Conversion?

Hi Year 4! Today, we are going to learn about money conversion. This is when we change money from one type to another. For example, converting pounds to pence or changing dollars to euros.

Why Do We Need to Convert Money?

Sometimes, we need to buy things that are priced in a different type of money. For example, if you have £5 and want to buy something that costs 200 pence, you need to know how to convert your pounds into pence.

Key Rules for Conversion

  1. Understand the Basics:
    • There are 100 pence (p) in 1 pound (£).
    • To convert pounds to pence, multiply the number of pounds by 100.
      • Example: £2 = 2 x 100 = 200 p
  2. Converting Back:
    • To convert pence back to pounds, divide the number of pence by 100.
      • Example: 250 p = 250 ÷ 100 = £2.50
  3. Other Currencies:
    • Different countries use different types of money, like euros (€), dollars ($), etc.
    • Always check the current exchange rate if you’re converting between different currencies.

Tips and Tricks

  • Use Tables: Make a table to help remember conversions. For pounds to pence, you could write:
    • £1 = 100 p
    • £2 = 200 p
    • £3 = 300 p
    • And so on…
  • Practice with Real Money: If you have coins and notes at home, practice counting and converting them.
  • Ask Questions: If you’re unsure about a conversion, ask your teacher or a parent for help!

Practice Questions

Easy Level Questions

  1. Convert £1 to pence.
  2. How many pence are there in £5?
  3. Convert £3 to pence.
  4. How much is 200 p in pounds?
  5. If you have £4, how many pence do you have?
  6. Convert £2.50 to pence.
  7. How many pence are in £10?
  8. If something costs 150 p, how much is that in pounds?
  9. Convert £0.50 to pence.
  10. How much is 300 p in pounds?

Medium Level Questions

  1. If you have £6, how many pence do you have?
  2. Convert £7.20 to pence.
  3. How much is 450 p in pounds?
  4. If a toy costs £9, how much is that in pence?
  5. You have 500 p, how many pounds do you have?
  6. Convert £8.75 to pence.
  7. If you buy two items costing 250 p each, how much is that in pounds?
  8. How many pence are in £12.50?
  9. Convert £3.60 to pence.
  10. If you find 600 p, how much is that in pounds?

Hard Level Questions

  1. If you have 1200 p, how much is that in pounds?
  2. Convert £15.50 to pence.
  3. How much is 750 p in pounds?
  4. If a book costs £11.99, how much is that in pence?
  5. You want to buy a toy costing 800 p. Do you have enough if you have £7?
  6. Convert £5.80 to pence.
  7. If you have 2500 p, how many pounds do you have?
  8. How much is 1000 p in pounds?
  9. If a game costs £24.99, how much is that in pence?
  10. Convert £19.45 to pence.

Answers and Explanations

Easy Level Answers

  1. £1 = 100 p
  2. £5 = 500 p
  3. £3 = 300 p
  4. 200 p = £2
  5. £4 = 400 p
  6. £2.50 = 250 p
  7. £10 = 1000 p
  8. 150 p = £1.50
  9. £0.50 = 50 p
  10. 300 p = £3

Medium Level Answers

  1. £6 = 600 p
  2. £7.20 = 720 p
  3. 450 p = £4.50
  4. £9 = 900 p
  5. 500 p = £5
  6. £8.75 = 875 p
  7. 500 p = £5
  8. £12.50 = 1250 p
  9. £3.60 = 360 p
  10. 600 p = £6

Hard Level Answers

  1. 1200 p = £12
  2. £15.50 = 1550 p
  3. 750 p = £7.50
  4. £11.99 = 1199 p
  5. Yes, you have enough. (800 p = £8)
  6. £5.80 = 580 p
  7. 2500 p = £25
  8. 1000 p = £10
  9. £24.99 = 2499 p
  10. £19.45 = 1945 p

Now that you understand money conversion, try to practice these questions and remember the tips! Happy learning!