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Description

Money maps
Work together to create a map of different currencies around the world. What does the same amount of money look like in different countries?

Resources

Device with access to the internet
Chairs
Tables
A4 paper
Sticky tape
Coloured pens or pencils
Scissors

https://www.scouts.org.uk/activities/money-maps/

Instructions

Tape together a few sheets of A4 paper along the edges to create a large sheet. Draw a rough outline of a world map – a quick internet search will give you something to copy.
Lay your world map on the floor, or tape it to a wall of your meeting space.

Step 1: Map it out
Everyone should split into six even groups. Each group should choose a continent (from Asia, Africa, Europe, North America, South America, and Oceania).
Remember to stay at a safe distance in the groups; setting out spaced tables and chairs before the session can help make this easier. If you're doing the session online, you can share a link so that everyone can see a world map.
The person leading the game should explain that different countries have different money, with different names and different designs. The different moneys are called currencies.
Step 2: Country currencies
Each group should choose one country from their continent and find out what currency they use. They should look at what it’s called, what it looks like, and what different denominations there are (how many notes or coins of different amounts there are).
Some things may be similar to what you use, some might be very different. What’s drawn on the notes and coins? Often people, places, and events important to a country’s history are shown on their money.
The person leading the game should explain that people can convert money from one currency to another. This means they can swap some of their money for another country’s currency – they use their money to buy money they can use in another country.
The person leading the game should explain that the amount of money you can buy is set by the exchange rate. 1 pound might be able to buy 1.3 US dollars, for example – but this doesn’t mean you are getting more money as things might cost a higher number of US dollars than pounds.
You could explain that shops usually have different ‘sell rates’ and ‘buy rates’ – they charge you some money in return for exchanging your money. If £1 was worth $1.40, you may only get $1.30 for £1, for example. If you had US dollars left over, you may have to give the shop $1.50 to get £1 back. People often shop around to get a good deal.
Step 3: Exchange
Each group should use an online currency converter to find out how much of their country’s money they could buy with £10.
You can convert your money online or by going into travel shops or supermarkets. Groups could look at a few different retailers’ buy rates.
Everyone should use what they have found out about their country’s money to draw how much of it they could buy with £10. Groups can choose whatever denominations they like to make up the amount; they should try to copy the coins and notes as clearly as possible.
If they can buy $13.50 with their £10, they could draw a $10 dollar note and some coins, or two $5 notes, and three $1 notes.
Once everyone’s drawn their money, they should cut it out and stick it on the giant world map where their country is.
Groups could nominate someone to stick on their money or take it in turns to make sure everyone stays at a safe distance apart. You could turn this into a relay race to stick all your money on the fastest.
One by one, groups should tell everyone what country they chose, what the money is called, a bit about what it looks like, and how much of it they could buy with £10.

Tags

• currency
• money
• world

Badge Links

• Money Skills - Currencies