is the currency value of a country based on its economic growth?
why do the currency values differ country by country.
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This entry was posted on Sunday, June 22nd, 2008 at 8:41 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 22nd, 2008 at 8:41 am
yes
why income of different from one family to another in ne country
answer is same for ur question too
June 22nd, 2008 at 8:41 am
Yes,it depends upon the economic growth of a country.U.S.A is the largest economy in the world .The trade transactions are therefore made in dollars.In the coming years,China and India will overtake U.S.A.As a result,the value of dollar will fall rapidly.It shows why,the currency values differ country by country.
June 22nd, 2008 at 8:41 am
Yes, a strong economy is reflected in a strong currency, and currency values differ because of the level of demand for the currency.