Code: 1.1.5 · Children and youth
Foreign currency and exchange
Descriptors
Knowledge
What you can do at this level
- Kage:6-10
Understands that countries and regions (e.g. Eurozone) have their own currency that can be exchanged for the currency of other countries
- Kage:11-15
Knows what type of financial service providers can offer currency exchange services
- Kage:16-18
Aware that fluctuations in relative value of currencies can impact purchasing power, savings and debt
Skill
What you can do at this level
- Sage:11-15
Can calculate the amount of foreign currency applying the exchange rate
- Sage:16-18
Exchanges currencies taking into account exchange costs and risks
- Sage:16-18
Compares costs related to currency exchange between different providers (including with the use of reliable currency converter tools)
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.