Georgia SS6E5.c

Social Studies6th GradeLatin America and Canada

The Standard

Explain why international trade requires a system for exchanging currencies between nations.

Georgia Standards of Excellence for Social Studies · Give examples of how voluntary trade benefits buyers and sellers in Canada.

Teacher's field guide

What Students Need to Do: Students identify that countries use different currencies. They explain how currency exchange lets a buyer pay with familiar money while the seller receives money usable in the seller’s country.
What Mastery Looks Like: A student can describe a purchase between Canada and another country and name the currencies involved. The student can explain where conversion happens and why the trade would be difficult without it.
Common Misconceptions: Students may think all countries accept Canadian or United States dollars. They may also think currencies have equal value or that an exchange rate never changes.
How to Assess It: Exit ticket: A Canadian store orders coffee from Brazil. Explain why currency conversion is needed and identify what each business needs to receive.

Lesson moves

Use play euros, pesos, and Canadian dollars to simulate buying Canadian goods at posted exchange rates.
Have students write three sentences answering why a Canadian seller may not accept pesos directly.
Run a card match in which students pair buyers, sellers, national currencies, and exchange rates for sample trades.
Use a current currency converter to find what a 30 Canadian dollar souvenir costs in Mexican pesos.

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