13. Currency markets 1 CHECK YOUR ENGLISH VOCABULARY FOR BANKING AND FINANCE

CHECK YOUR ENGLISH VOCABULARY FOR BANKING AND FINANCE

13. Currency markets 1

Today’s exchange rates A. Which is correct? (Choose one from each group.) 1 a. There are 1.23 dollars to a Euro. b. There are 1.23 dollars for a Euro. c. There are 1.23 dollars to the Euro. d. There are 1.23 dollars to a Euro. 2 a. The euro is currently at 1.23 against the dollar. b. The euro is currently at 1.23 for the dollar. 3 a. No. 1 above is how ordinary people say it; no. 2 is how it's reported in the news. b. No. 2 above is how ordinary people say it; no. 1 is how it's reported in the news. B. Look at the exchange rate chart, and write words or numbers into the spaces. 1 At the moment there are _________________ euros to the pound. The pound is standing _________________ _________________ against the dollar. You'll get just _________________ two dollars to the pound. A dollar is worth just _________________ fifty pence. How many euros will I _________________ for £100? How much is $39.95 _________________ pounds? I'd like to change these pounds _________________ euros please. I'd like to exchange these pounds _________________ euros please. 2 3 4 5 6 7 8 C. Look at the chart, and answer true or false. 1 The dollar started the year just below sixty pence. The dollar went into free fall in January and February. The decline of the dollar levelled off in March The dollar hit a low of £0.50 at the beginning of March. Since March, the dollar has made a full recovery. The dollar has recovered very slightly since March. Since March, the dollar has made a partial recovery, but remains weak. The dollar halved in value in the first three months of the year. The dollar lost nearly a fifth of its value in the first quarter. The dollar is currently trading at around 53p. TRUE/FALSE 2 TRUE/FALSE 3 TRUE/FALSE 4 TRUE/FALSE 5 TRUE/FALSE 6 TRUE/FALSE 7 TRUE/FALSE 8 TRUE/FALSE 9 TRUE/FALSE 10 TRUE/FALSE D. Put the words into the correct columns. All could go into this sentence: The dollar __________ against the euro. rose gently          dropped slightly            fell sharply            went up half a cent gained slightly        hit a new high            weakened             went into free fall levelled off            remained steady            gained strongly           gained some ground rose sharply            remained level          hit a new low                 went down several cents soared                  plummeted                       bottomed out          fell very slightly slid a little             shot up                   slipped half cent                          plunged

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