Code: 1.1.3 · Adults
Foreign Exchange
Descriptors
Knowledge
What you can do at this level
- Kdaily-life
Knows how to apply exchange rates to convert currencies
- Kdaily-life
Knows that transaction fees, commission and exchange rates vary across time and providers
- Kdaily-life
Understands the impact of varying exchange rates on remittances, foreign travel or foreign purchases
- Kdaily-life
Aware of the existence of currency converter tools
Skill
What you can do at this level
- Sdaily-life
Can convert prices expressed in different currencies
- Sdaily-life
Takes into account fees and the exchange rate when deciding how to remit or exchange money
Attitude
What you can do at this level
- Adaily-life
Confident to handle transactions in different currencies
- Adaily-life
Compares exchange rates from different providers in search for the best quotation
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.