Why is the convenience of the currency different for different countries and how is it determined?
Answers:
The difference in the values of currencies among countries is call the foreign exchange rate (also "forex" rate, "FX" rate or exchange rates). Q1) The difference within values will tend to copy the relative monetary conditions of the countries.
Q2) For most advanced economy the rate is determined by the get underway bazaar (meaning the relative supply & constraint for respectively currency).
However, some countries own a fixed-rate policy, target the advantage is set by policy and disallowed to fluctuate contained by the friendly marketplace. (Noteworthy: China is switching from a fixed rate and slowly allowing the currency effectiveness to change).
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BY. THE ... NATIONAL. BANKS...!
Look at Yahoo Finance... and their Currency Converter! YOU will see a Daily Change in the Money Rate!
Thanks, RR
It's determined by the forex marketplace which deal next to foreign currency. It change everyday dependant on analysis of countries financial situation and their adjectives potential
Its Determined By the Countries amount of money they Make. more money = Less Value.
This is sort of close to asking "How do you build a house?" I suggest a course in economics at your local college or finding a book that will explain it in lay expressions. honourable luck peace
It is depends up on the financial growth and gold ingots standards of that country.