Narrator: Hey Brain, have you got a spare pound I can borrow?
Brain: Brain.
Narrator: Oh no I don’t want to spend it Brain, I want to convert it!
Brain: Brain?
Narrator: Well Brain, have you ever wondered what money is like in other countries?
Brain: Cerveau! Cervello!
Narrator: In most of Europe, instead of the pound, they use the euro.
Brain: Brain!
Narrator: But if you were to change your pound into a euro, you’d get more than 1 euro back.
Brain: Brain!
Narrator: That is because of something called the exchange rate.
Exchange rate is how we work out the value of one currency when it is turned into another.
It is changing all the time between each country.
Brain: Yeeha! Brain! Nao!
Narrator: Lots of different countries have their own currencies.
And they all have their own exchange rates.
Phew! I’m keeping your pound by the way Brain.
Brain: Brain?
Narrator: Only pulling your leg you scamp!
Brain: Brain!
Description
Currency is the money that a country uses. Different countries have different currencies.
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