Comments on: should all currency value be equal? http://www.myylt.com/2008/04/24/should-all-currency-value-be-equal/ Discussion of Forex Trading and Currency Trading Sat, 19 May 2012 11:47:23 +0000 http://wordpress.org/?v=2.3.3 By: VinayKAgarwal http://www.myylt.com/2008/04/24/should-all-currency-value-be-equal/#comment-2636 VinayKAgarwal Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/04/24/should-all-currency-value-be-equal/#comment-2636 Why? It is like saying that gold, silver, and platinum should cost exactly the same. Or saying that all pieces of land should cost exactly the same. Currencies are different entities and their values depend upon the demand and supply and is partially tied to the goods that can be purchased with that currency. Why? It is like saying that gold, silver, and platinum should cost exactly the same. Or saying that all pieces of land should cost exactly the same.
Currencies are different entities and their values depend upon the demand and supply and is partially tied to the goods that can be purchased with that currency.

]]> By: BeachBum http://www.myylt.com/2008/04/24/should-all-currency-value-be-equal/#comment-2637 BeachBum Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/04/24/should-all-currency-value-be-equal/#comment-2637 Complicated question In an ideal world yes; but, in an ideal world, all wages are fair and equal... meaning one country's workers make the same as all other country's workers doing the same job. So you see, there is a reason the 10+ pesos = 1 dollar... a worker in Mexico gets more for those 10 pesos because she only makes an average of $30 (300 pesos) per week. Complicated question

In an ideal world yes; but, in an ideal world, all wages are fair and equal… meaning one country's workers make the same as all other country's workers doing the same job.

So you see, there is a reason the 10+ pesos = 1 dollar… a worker in Mexico gets more for those 10 pesos because she only makes an average of $30 (300 pesos) per week.

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