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What is the difference between a floating and a pegged exchange rate?
pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange. Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange
What is the significance of foreign exchange rate?
Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.
How can any currency rise in value?
Currencies are bought and sold on the open market - just like other commodities. The more popular a currency is - the higher the selling price will be.
What is a 1985 e. pluribus worth?
Not a meaningful question. ALL U.S. coins have that motto - check your pocket change. Please post a new question if necessary. In any case no circulation coins from 1985 are worth any more than face value. Also, this site has a Coins and Currency thread for asking questions about, well, coins and currency. Money and Credit is for things like checks, credit cards, loans, etc.
What is the value of 1.00 American to Haitian dollars?
It is illegal to buy Americans, or any other people, with any currency including Haitian dollars.
What is online currency trading?
It is the act of buying foreign currency over the internet, through different companies. It is called forex, or foreign exchange market. It is any currency traded over the internet. essentially, it is the simultaneous trading of foreign currency.
Are there any US Banks that provide foreign currency denominated deposit accounts if so which?
Yes, EverBank.com provides foreign currency deposit accounts.
Will any us bank convert your foreign money?
Yes. Most banks will convert your foreign currency cash into the local currency. They will do it only if you are either:A foreign national who is on a tourist trip to the nation and need local currency orYou were employed in a foreign country and are trying to convert your earnings abroad into the local currency for use.
Why do you need currency exchange?
Foreign Currency rates fluctuate based on the market forces of demand and supply. This means the rates can change at any given moment. We need a foreign exchange market to determine a value for each foreign currency and this would make it easier to exchange different currencies for one another.
Where do you cash in foreign currency?
Any bank will take as long as you have an account
What is the difference between a floating and a pegged exchange rate?
pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange. Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange
Can you trade foreign currency at any Wells Fargo financial bank?
Yes you can. Wells Fargo is an international Bank and you will be able to do that there. There are also other places where you can trade foreign currency.
Can a inland letter of credit be opened in foreign currency and if YES is there any provision in FEMA to honour the payment in foreign currency?
Yes, an inland letter of credit can be opened in foreign currency. The Foreign Exchange Management Act (FEMA) in India allows for such provisions to honor the payment in foreign currency, provided there is compliance with the regulations and guidelines outlined by the Reserve Bank of India (RBI) in this regard.
Where can one find Forex currency rates?
Foreign exchange rates, also known as Forex currency rates, are available at any major bank, as well as numerous online sources. One can also exchange foreign currency at any major bank, such as Bank of America.
Is there any restriction on taking money into Iran?
Yes you can not take iranian currency more then 100000 rials for foreign currency no problem
Can you use any currency to do a forex trade?
The best thing about a forex trade is the variety of currency that is able to be used. Since this is a foreign exchange market, any type of currency around the world can be used.
Is there any money amount bigger then a trillion?
Yes, 1,000,000,000,001; 1,000,000,000,002; etc... But no, there is no more that $999,999,999,999,999 worth of any currency in circulation.
