Currency Exchange

Reiko asked:


I mean is it better to be 1$ = 1.5 lyra better than 1$ = 1500 lyra ?

What is the reason for keeping it as it is??

John asked:


Assuming the world interest rate remains the same at 3%, the increase in the budget surplus will lead to:

I. An increase in the demand for dollars
II. An increase in the supply of dollars
III. An increase in the quantity of net exports
IV. Appreciation of the dollar

A. I and IV only

B. I, II, III, and IV

C. II, III, and IV only

D. II and III only

Romeo C asked:


What if you deposit 5000 dollar to a european bank and take it out in euro during highest rate exchange in the time of the day , would you make substantial amount of money if the process is done repeatedly?

Zabava asked:


now euros would go up vs. dollar; do I pay taxes on a difference in exchange rate?

Curious George asked:


I am trying to figure out how much it will be in US dollars for 564 pounds Sterling. Please provide the very accurate answer. I tried the currency converter in Yahoo, but then got different answer from a bank. Thought that I can use the second, the third, and/or the fourth opinion. Thank you very much for sharing.

bisnis546 asked:


I made many errors in my forex trading,losing thousands dollar and almost frustated.But i will not give up,except you suggest otherwise

enricog24 asked:


what exactly is a position? a lot?

what is the advantage in investing now that the economy is in shambles and the dollar has depreciated?

I don’t know a lick of this stuff so please be specific, thank you!

abhi s asked:


(high forex reserves)especially in the event of the financial crisis?

also, how does it help a particular country if that country keeps its currency weak against the global currency like the dollar? what are the ways in which a country can artificially make its currency weak?