How can the currency exchange rates be calculated?
Posted August 24th, 2009 by admin 2 Comments »
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?!
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?!