Exchanging Money

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Exchanging Money

Intermediate

Exercise 1

Vocabulary

money exchange

Noun

ˈmʌniː ɪksˈʧeɪnʤ

the act of exchanging currencies

Before we go shopping, I need to find a money exchange office.

exchange rate

Noun

ɪksˈtʃeɪndʒ reɪt

the value of currencies in relation to each other

What's today's exchange rate for the euro?

The exchange rates here are good.

Changes in the exchange rate can dramatically affect a company.

Here is a listing of today's exchange rates.

Can I see the exchange rate? // Sure, the rate is here.

small change

Noun

smɔːl ʧeɪnʤ

coins of low value

The boy's pocket was full of small change.

receipt

Noun

rɪˈsiːt

a small piece of paper that shows what goods or services a customer has paid for

Here's your receipt.

Could I have a receipt please?

A receipt is required to exchange goods.

Remember to get a receipt when you buy gasoline so that you can get reimbursed.

If you order from our online store, you will receive a printable receipt by e-mail within one business day.

Exercise 2

Useful Expressions

Where can I exchange my money?

Can I see the exchange rate?

Could you include some small change?

Can I have a receipt?

Exercise 3

Dialogue Practice

Read the dialogue aloud with your tutor.

Matt is looking for a place to exchange his money.
	Matt Excuse me, could you tell me where I can exchange my money?
	Airport Clerk Sure. Right over there. Can you see the signboard? That is a branch of the China Bank. You can exchange your money there.
	Matt Oh, yes. Thanks.
At the money exchange counter.
	Matt Hello. I'd like to exchange my money to Hong Kong dollars.
	Clerk Certainly. What currency are you exchanging?
	Matt US dollars. Can I see the exchange rate?
	Clerk Sure, you can find it here. How much would you like to exchange?
	Matt $1000, all to Hong Kong dollars. Could you include some small change as well?
	Clerk Sure. That’ll be 7750 HKD. Here you are.
	Matt Thanks. Can I have a receipt, too?
	Clerk Here’s the receipt. Thank you very much!

Exercise 4

Fill in the Blanks

Fill in the blanks to complete the dialogue.

Zach is looking for a place to exchange his money.
	Zach Excuse me, where can I (1) money?
	Airport Clerk There is a (2) exchange office over there.
	Zach I see! Thank you!
At the money exchange counter.
	Zach Hi, I’d (3) to exchange money.
	Clerk What currency do you want to exchange?
	Zach Philippine Pesos. I’d like to (4) P10,000 into dollars. What is the exchange (5)?
	Clerk You can find the rate here. The amount would be $197.30.
	Zach Okay. Can I please get some 1 dollar bills?
	Clerk No (6), here are the bills and here's 30 cents.
	Zach Thanks.

Choose answers from the options below that fit in blanks 1 to 6

Answer Pool (Questions 1-6)

rate
money
like
problem
exchange
exchange

Exercise 5

Role Play

Role-play the following situation with your tutor.

Situation

You have just arrived at the JFK airport in New York and you need to exchange money. Ask the officer about the place where you can exchange your money and then go there. Your teacher will be the airport officer and the bank clerk.

Exercise 6

Discussion

Do you usually exchange money before going on a trip, or after you arrive at the destination?

Are you ever worried about big fees and unfair exchange rates when you are traveling? Why? Why not?

Are you sometimes confused when using foreign currency?

Do you use cash or credit card more often when traveling? Why?

What do you usually do with leftover foreign currency after a trip?