How does the currency exchange rate work?
Posted October 22nd, 2009 by admin 2 Comments »
How is the currency exchange rate of countries decided?
Posted October 15th, 2009 by admin 2 Comments »
asked: I am doing a project on currencies, i need to know how the exchange rate of different currencies is determined. for example, INR to US$ is approx Rs.45. So how is this determined. Please dont give a 1 line answer, give the complete process or the link to the source.
when traveling to other countries, where can you exchange your cash for the local currency?
Posted October 1st, 2009 by admin 6 Comments »
Minotaur asked:
i’ve never really traveled outside the country, and i very much doubt my bank has a branch in say… taiwan, or france… so where can i go to exchange currency once i’m there?
i’ve never really traveled outside the country, and i very much doubt my bank has a branch in say… taiwan, or france… so where can i go to exchange currency once i’m there?
Importance and Differences in foreign currency exchange rates?
Posted September 24th, 2009 by admin 1 Comment »
the one 1 asked:
I am trying to understand the importance of foreign currency exchange rates. Why would economists care that today the dollar converts to x amount of Chinese currency for example? Also why would economist care that today the dollar is stronger or weaker in the same day in different countries such as China, Japan or others?
I am trying to understand the importance of foreign currency exchange rates. Why would economists care that today the dollar converts to x amount of Chinese currency for example? Also why would economist care that today the dollar is stronger or weaker in the same day in different countries such as China, Japan or others?
I am just using those countries as examples, nothing special. I really would like to know.
Thanks in advance
Countries with high trade decifit shouldn’t have low forex?
Posted March 20th, 2009 by admin 2 Comments »
binocular222 asked:
If EX
If EX
Moreover, lower forex means higher external debt. Therefore, countries with huge debt shouldn't have low forex too?
In my country, both trade decifit and external debt are high but gov still keeps a stable nominal forex while inflation is escalating (which means REER decrease), why?
Any one here experienced in currency exchange investing and investing in countries and other nations?
Posted February 1st, 2009 by admin 2 Comments »
PeguinBackPacker asked:
I wish to learn more about currency exchange trading and investing in developing nations, may it be India, China or Pakistan or other political forms of investment (such as municipal or city bonds or funds or state funds.) in order to spread out my risk in having most of savings being in the US dollars. I just need more information on how to proceed in investing in these markets and if possible information on what pitfalls to avoid.
I wish to learn more about currency exchange trading and investing in developing nations, may it be India, China or Pakistan or other political forms of investment (such as municipal or city bonds or funds or state funds.) in order to spread out my risk in having most of savings being in the US dollars. I just need more information on how to proceed in investing in these markets and if possible information on what pitfalls to avoid.