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When the value of a country's currency goes up compared to another country's currency that is considered a?
Wiki User
∙ 11y ago
First of all - your punctuation. You need a comma after the second "currency" so as not to confuse whether 'value' or 'currency' is the point - "When the value of a country's currency goes up compared to Another Country's currency, that is considered a...?"
Bad thing, as the cost of goods and services of 'Currency A' go up when compared to 'Currency B.' People will want things priced in Currency B, perceiving them cheaper than Currency A goods and services.
Wiki User
∙ 11y ago
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The value of one's country's currency as compared to another country's currency?
Floating exchange rate
What is the value of currency in one country compared with the value of currency in another?
This is called the Exchange Rate. You can look up exchange rates in newspapers, or in the internet.
What is an exchange rate used for?
An exchange rate if the value of currency of one country compared to that of Another Country. For example, it would be the value of a US Dollar measured by the value of Mexican Pesos.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
When you buy another currency do you want a weak or strong currency?
strong
The value of one's country's currency as compared to another country's currency?
Floating exchange rate
What is the value of currency in one country compared with the value of currency in another?
This is called the Exchange Rate. You can look up exchange rates in newspapers, or in the internet.
Someone have wrote a bank draft for you from another country How can you deposite to your account in your country?
It will most likely be sent to their main office, which then finds out how much its worth in your countrys currency. Then they deposit it for that amount.
What is convertible currency?
A currency that can be readily bought or sold without government restrictions, in order to purchase another currency. A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.
Define exchange rate?
The exchange rate is the value of one currency in relation to another currency. It determines how much of one currency is needed to purchase a unit of another currency. Exchange rates fluctuate based on market forces, such as supply and demand, economic indicators, and geopolitical events.
What is an exchange rate used for?
An exchange rate if the value of currency of one country compared to that of Another Country. For example, it would be the value of a US Dollar measured by the value of Mexican Pesos.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
What happens in Currency trading?
In currency trading, at the basic level the price of a currency when compared to another is basically high or low. Example the EUR/USD currency pair. Based on the general health of the two countries and various economic indicators currencies tend to fluctuate. It is this fluctuation that allows forex traders to buy low and sell high.
How does a currency appreciate?
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates; a unit of one currency buys more units of another currency.
What is exchanged rate used for?
An exchange rate if the value of currency of one country compared to that of Another Country. For example, it would be the value of a US Dollar measured by the value of Mexican Pesos.
When you buy another currency do you want a weak or strong currency?
strong
Trade one country's currency for another country's currency?
command
