How currency exchange rate affects the economy?


Posted September 16th, 2010 by admin 4 Comments »
Currency Exchange
illiterate asked:


If 5 bucks of Country A = $1 and 1buck of country B= $5, which country is doing well?

How can the currency exchange rates be calculated?


Posted August 24th, 2009 by admin 2 Comments »
Currency Exchange
Fady Y. S. asked:


How can the currency exchange rates be calculated? and on which parameters does it depend?
For example, Kwaiti Dinar has the highest currency value (1 Kuwaiti Dinar = 3.79176 U.S. Dollars), does that mean Kwait’s economy is stronger than the U.S.? or the exchange rates are measured upon factors other than economy?!

Why do currency exchange rates change every day?


Posted March 11th, 2009 by admin 4 Comments »
Currency Exchange
♣Vincent♣ asked:


The system of currency exchange rates has always facsinated me.

I could have $100, convert it into ₤49.34, then convert it back the next day to $101. Why do currency rates have to change every day?

Is this somehow helping the economy? Or is it hurting it?

Where can I learn more about Forex?


Posted March 2nd, 2009 by admin 5 Comments »
forex
davethewave asked:


I’d like to learn Forex trading, I need to know what skills are required, technical jargon, how a positive or negative occurrence in the economy will affect any certain currency pair and I’d really prefer to learn this free since I do not have a whole lot to start with. Thanks!