What determines a countries currency value?
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styling on you
Joined: Jun 2003
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From: Los Angeles, California
What determines a countries currency value?
Just curious like 15,000 vietnamese dollars = 1 US dollar. And i think i heard somewhere 100 euros = 140 us dollars or something. Just wondering what determines the value kthx bye
Administrator Alumnus
Joined: Oct 2001
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From: Northwest IN
I feel the need...
Joined: May 2004
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From: Motown
Where things get interesting is when certain countries (read: China) peg their currency to another (read: USD).
You can have a country with central bank that controls the overnight lending rate, and a free floating currency - or vice versa, but you can't have both at the same time.
You can have a country with central bank that controls the overnight lending rate, and a free floating currency - or vice versa, but you can't have both at the same time.
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