Sell, process and advise on foreign exchange/Activities/rates

Activity One
Your clients have requested the following overseas funds for their holidays. Please advise the New Zealand dollar amount they will have to pay.


 * VUV 910 cash
 * SEK 6800 cash
 * THB 1500 cash
 * HKD 4000 cash
 * CAD 1250 travellers cheques
 * AUD 1000 cash

Your clients have New Zealand currency which they have requested you convert to the overseas currency.


 * NZD 1875 to JPY travellers cheques
 * NZD 1000 to BRL cash
 * NZD 1875 to EUR cash
 * NZD 700 to GBP travellers cheques
 * NZD 660 to MYR cash
 * NZD 8300 to JPY travellers cheques

The clients have now returned from their holidays and wish their overseas currency to be converted to New Zealand currency.


 * HKD 200 cash
 * USD 1180 travellers cheques
 * GBP 500 cash
 * JPY 100000 travellers cheques
 * EUR 100 cash
 * THB 400 cash

Conversions including commission calculations
In the following scenarios, please provide details of foreign currency that you would recommend.
 * I am travelling to Australia for 3 days and then to Hong Kong for 3 weeks. I have NZD4000 for spending money.


 * My company is sending me to a conference in Australia for one week and then to a meeting in India for a week. I have budgeted NZD2850 for expenses.


 * For my holidays I am travelling to Vanuatu for 9 days and then to Tonga for one week. My spending money totals NZD3000.


 * My Xmas holiday will take me to Honolulu for 3 nights, Los Angeles for 7 nights, London for 10 nights and Sydney for 7 nights. I have NZD5,000 to spend on my trip.

Advise customers of methods of taking money overseas - Assessment Unit Standard 3750 Element 1.1
You must include each of the following at least once in the following scenarios: cash, travellers' cheques, credit cards, bank drafts, transfer of funds and money cards.


 * Mrs Burton is travelling to London for a 3 week holiday. She has $1500 in spending money.


 * Kyle James is departing on his OE to England and expects to be overseas for 2 years. He has $15,000 to be taken/sent overseas.


 * Megan Thomas needs to send $2000 to her boyfriend in Australia.


 * Brendon Davies is travelling overland through Africa for 2 weeks on his way to Europe where he will stay in France for one month before returning to New Zealand. He has $5000.00 in spending money.


 * The Craig family are holidaying in Fiji for one week. The will be taking FJD1500. Their insurance policy covers up to $500 cash if lost or stolen.

Sell and process foreign exchange - Assessment Unit Standard 3750 Element 2.1, 2.2
Complete calculations for the following scenarios


 * Myles Jacob is travelling to Hong Kong for one week and then to the United Kingdom for 3 weeks. His budget is about NZ$4000.00. Complete the order form for his travellers cheques.
 * Cynthia Browne's holiday includes 3 nights Japan, 2 weeks Singapore and 3 weeks in the Philippines. She has approximately NZ$5500 to spend.
 * Mr and Mrs H Green are going on a trip to France for 4 weeks. They would like to take 12,000Euros (3/4 in travellers cheques and 1/4 in cash). Please complete the foreign exchange order form for their overseas funds.

Support materials

 * List all the links to resources used in the activity
 * List any other resources that may be useful (further readings, related units or other activities)