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Blogs
http://www.topforex.info/2008/06/05/forex-what-is-it-posted-by-tomas-anderson-64/Forex - What is it? Posted By : Tomas Anderson (by: admin)
The international currency market Forex is a special kind of the world financial market. Traders purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the ...
http://www.topforex.info/2008/06/05/charts-for-the-technical-analysis-posted-by-tomas-anderson-55/Charts for the technical analysis Posted By : Tomas Anderson (by: admin)
Mainly major banks, international organizations and some other are doing well in currency trading.Basically, currency trading involves four main variables: currencies, exchange rate, time, and interest rate. ...
http://marketmelange.blogspot.com/2008/06/global-inflation-and-evolving-monetary.htmlGlobal Inflation And Evolving Monetary Policy (by: James Beadle)
Thus, in a global economy, exchange rates are a more effective (at least short-term) monetary policy tool than interest rates. It is good to see a central bank reacting to the new reality (globalised markets, globalised inflation) with ...
http://i4image.blogspot.com/2008/06/article-on-black-money.htmlARTICLE ON BLACK MONEY. (by: -)
NRIs from Britain used the havala route to send money to their families for a better exchange rate and less hassles with banks for their relatives. Prof. Agarwal adds that some NRIs in the US transferred money by havala ten years ago ...
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Accountability and Oversight of US Exchange Rate Policy ...
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Questions & Answers
Why do currency exchange rates change every day?
The system of currency exchange rates has always facsinated me.
I could have $100, convert it into ₤49.34, then convert it back the next day to $101. Why do currency rates have to change every day?
Is this somehow helping the economy? Or is it hurting it?
Ill use the term "economy" instead of "country"
We see an economy improving and deproving as time goes by. We may not realise it instantly but we come to know of it when the authorities indicate it.
In 2000, Microsoft launched Windows XP, and now we see Windows Vista in Markets 6 years later. Does this mean thatit took Microsoft 6 years to improve its company. The answer is no, after Xp launched, every day people went into markets andd bought the software, and hence Microsoft retreived great amounts of revenue in short amount of time.
We dint see it instantly but we realised it 6 years later.
This was just an example of a short scale business firm. An economy is based on large scale. If In Australia, new companies are built then then the GDP. gross domestice product will increase, which will cause the currency of Australia to raise in behalf of other economy's
If the currency of an economy raises then the currency of the other economy decrease and hence we find ourselves on the way to equilibrium.
It is not related to hurting or helping about an economy. The change iin currency rate day by day helps the economists to realise which economy is experiencing the maximum economic growth.
Hope that helps mate!!
How are the currency exchange rates determined daily?
We see that the Foreign currency exchange rates keep fluctuating daily...Who decide those rates and what are the factors and parameters that are considered for this?
Also who decides how much currency can a country create in tis mint?
Thanks in advance!!
It depends on the demand and supply of a particular currency. From http://fforex.info
How are currency exchange rates calculated?
The US Dollar is declining in value against the British Pound and the Euro, but the decline versus the Euro is greater.
If US interest rates are reset lower, I am told that the value of the Dollar versus the other currencies declines further.
These exchange rates are calculated to four decimal places, indicating significant precision.
If the Chinese Yuan is set higher than it currently is, what will that do to the Dollar versus the Pound and the Euro?
Exchange rates are not calculated the are determined by the currency exchange markets where traders by and sell currencies. see FOREX.
The theory predicts that that the demand for dollars is dependent on the interest investors can get on dollar denominated bonds, so a lower interest rate decreases the demand and would lower the "price" of the dollar, but the amount of the decrease is a rough estimate.
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