I was looking at some clothes and then quickly realized that it was in EUR only. If I have say $400 in the bank, and i buy something like 35 E. Will the bank swap them money to make it that currency?
I have done my research on the Internet before coming here to place this question on Yahoo!. I have so far not had much progress in understanding why currency values vary. So, if you can, help me understand but keep your answers in the simplest of terms.
I am from India and our currency, the Indian Rupee, stood at INR 45.00 vs USD 1.00 the last time I checked. Is this because India has borrowed a lot in US dollars? Or is it because Indian people are not rich enough?
We currently pay about INR 57.00 per a liter of gas (petrol). If our currency value was the same as the dollar value, we would pay not more than INR 2 for the same. Our exports are cheap while our imports are far more expensive.
I don’t understand why Indian Rupee has such a low value in the international market.
We are travelling to Egypt at the start of June 2010 and need to know is it best to take UK sterling and change it for Egyptian Pounds over there (either in the airport or hotel), change it over here before we go, or just go for travellers cheques (I guess in Stirling).
I want to start off with Forex Trading. I want to know the genuine website for Forex trading. Only the names of forex brokers which are non dealing desks. Please get back to me ASAP.
How can one think a government that forces a collapsing currency on its citizens has their best interest at heart ?
You don’t have to be an economist to look up the dollar’s "progressive" decline over the decades
I have 1100 yen, which is equivalent to 11.90 in USD. Will they take that if I offer all of it? The movie ticket only costs 10.75 USD..
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