How are caclulated foreign currency exchange rates?
Mick asked:
Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
.
Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
This entry was posted
on Wednesday, October 7th, 2009 at 12:00 am and is filed under Economics.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
.
Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
October 8th, 2009 at 7:18 am
As the value of things in America go down, foreign countries look to buy up American exports
this drives demand for dollars, which in turn increases the value of the dollar Ryan H
October 8th, 2009 at 9:34 am
prices occurs at the exchange market where big quantities of currencies are exchanged. demand and supply determines the value. ben32167