why do money's value changes? what such thing that triggers to change its value. what it is all about anyway? is it the popularity of a country that makes their money higher than other? is it mean that the value of currency of one country reflects to its status in the globe?
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February 26th, 2009 at 8:01 am
the value is determined by how many people invest their money in the particular country, it sucks i don't know why just because you live in a particular place your money is worth less, so much for each human being equal >.<
February 26th, 2009 at 8:01 am
Many things, If the interest rate in a country is high then people demand that countries currency so its value rises.
If the country prints lots of money then its value will fall
If the countries money is circulating faster then it will be worth less as the same amount of goods will exist but in effect more money.
The demand for a countries currency could be to do with its demand for exports. Germany's cars or japanese cameras etc.
A country that is politcally unstable will not have a high demand for its currency.
If a country has a natural disaster/conflict/bad government and nothing is being produced to buy then the money everyone has will be worth less - Zimbabwe
February 26th, 2009 at 8:01 am
the value of a countries currency fluctuates because it depends on how stable the economy is. for example the us in now facing a recession which may cause the value currency to change because the economy is in bad standing. it is not the popularity of a country that makes their dollars higher because of that was the case well then plenty other popular countries would have higher currencies. yes the value of a country's currency definitely reflects it's status in the globe because in a lot of third world countries the US or the british dollars are higher because these economies are more stable in terms of gross domestic product ( G.D.P.) and investments.