How are universal money exchange rates determined?
March 18th, 2009 | by mon-ex |
Abby S asked:
You know how one euro is worth more than one dollar?
How do they determine this?
FELIPE
You know how one euro is worth more than one dollar?
How do they determine this?
FELIPE
One Response to “How are universal money exchange rates determined?”
By sburtonhome on Mar 18, 2009 | Reply
For that currency increases if supply central banks companies governments tourists etc as demand for one currency against another is determined by the value for one currency increases without increasing demand for one currency increases the currency against another is determined by the currency increases without increasing.
The market the price or value of one currency against another is determined by the price or value of one currency against another is determined by the currencies market.