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Currency Exchange

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How many Armenian Drams can you get for one US Dollar? Exchange rates change every day. Visitors from different countries will want to know what their foreign currency is worth in Yerevan. Using the Internet, we can tell them.


Task: Find Web pages which will tell you today's exchange rate between the Armenian Dram and other currencies. If you live outside Armenia, find out how many Drams you can get with 1000 units of your local currency. If you live in Armenia, find out how many units of some foreign currency you can get for 1000 Drams.

Hint: Try one or more of the following.
Go to Altavista and enter the search text: "universal currency converter". Include the quotation marks.
Go to http://www.richeycom.com/currency/conv.htm and use the currency converter there.


By the way: The Canadian site at http://www.accu-rate.ca can show you the historical currency rates for the Armenian Dram against the Canadian Dollar. Can you compare the value of the Dram relative to the Canadian Dollar in the beginning of 1997, 1998 and 1999? Can you plot the month to month values from January 1999 to August 1999 to see how the Dram's exchange rate changed relative to the Canadian Dollar?