Managing your money

In Ireland and France, we'll be spending Euros (€). The current exchange rate? €1 = $1.42, so if it costs you 1 euro or €1, you are actually spending $1.42. The denominations of the money are paper notes of €5, €10, €20 and up and coins of €2, €1, .50, .20, .5, .10, .2, and .1. Denominations of less than €1 are referred to as cents.

In England, we'll be spending the British pound (£). The current exchange rate is £1=$1.63. If you buy something that costs £1, you are spending $1.63. The denominations for the pound are similar, with paper notes of £5, £10, £20 and up and coins of £2, £1, .50, .20, .10, .5, .2, and .1. But in England cents become pence. You will be given pricing like this: "two pound twenty." If I remember correctly, we seldom heard "pence" used except when the merchant realized we were not comprehending.