Lesson Plan

• Describe the main reasons businesses and individuals buy foreign currency for imports and travel.
• Explain why foreign currency is sold when exporting goods, services, or receiving tourism revenue.
• Apply exchange‑rate calculations to determine how much domestic currency is needed for a foreign purchase.
• Analyse a real‑world transaction and identify the currency flow.
• Evaluate the impact of foreign‑exchange decisions on profit margins.

• Projector and screen
• PowerPoint slides with key points and diagrams
• Printed handout of the summary table
• Calculator worksheets for exchange‑rate problems
• Current Forex rate chart (online or printed)
• Whiteboard and markers

Begin with a quick poll: “If you were travelling abroad tomorrow, what would you need to do with your money?” Connect this to prior knowledge of buying goods in other currencies and outline that today’s success criteria are to identify why currencies are bought or sold and to perform basic conversion calculations.

1. Do‑now (5'): Students answer a short quiz on previous lesson’s trade concepts.
2. Mini‑lecture (10'): Present reasons for buying and selling foreign currency, using the PowerPoint and diagram.
3. Group analysis (15'): In pairs, students examine the provided summary table, highlighting buy vs. sell scenarios.
4. Role‑play activity (15'): One student acts as an importer, another as a bank dealer; they simulate a currency purchase and conversion.
5. Calculation practice (10'): Using the worksheet, learners compute pounds needed for a €10,000 import at a given rate.
6. Check for understanding (5'): Quick “exit ticket” – write one reason for buying and one for selling foreign currency.

Recap the key reasons for buying and selling foreign currencies and how exchange rates affect transaction costs. Students complete an exit ticket summarising one real‑world example and receive a homework task to find current exchange rates for two currencies and calculate a simple import cost.