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Why American dollar is consider as base for foreign exchange in many countries?
Wiki User
∙ 13y ago
Because it is the easiest to calculate being that the whole system is based on factors of 10.
(Exp.)
$1.00=$.100
$10.00=$.1000
$5.00=$.500
$50.00=$.5000
Wiki User
∙ 13y ago
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What do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
How do you find the current rate exchange from foreign currency to American dollars?
See the related link
How can one be a foreign exchange student in the US?
One can be a foreign exchange student in the USA by joining the Student Exchange Program. Many courses have an option of studying one year overseas in the United States. There are American Studies courses in the UK that have this option.
Are there taxes on foreign cash inheritance in American dollars?
It depends on where you exchange your money at, but most of the time yes.
What is foreign exchange operation?
The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
What countries offer foreign exchange trading?
Most countries will offer foreign exchange. Countries like Australia and USA offer good deals. Although they accept students, some students from other countries may experience racism.
What has the power to consider treaties with foreign countries?
cabneit
What has power to consider treaties with foreign countries?
cabneit
Why do countries buy foreign exchange?
Countries buy Foreign Exchange for the following reasons:As a means of investment to earn revenue in anticipation that the purchased currency will appreciate.For payment of import duties and goods.For hedge funds.To boost their foreign reserve
What countries do you get foreign exchange students from?
France, Spain, Mexico etc.
Does Cabinet have power to consider treaties with foreign countries?
yes
Which countries participate in the foreign exchange markets?
Nowadays anybody anywhere with money to spare can participate in currency exchange
What has the author Enrica Detragiache written?
Enrica Detragiache has written: 'Exits from heavily managed exchange rates regimes' -- subject(s): Foreign exchange administration, Foreign exchange rates 'Foreign banks in poor countries' -- subject(s): Econometric models, Foreign Banks and banking
Has the power to consider treaties with foreign countries?
it's the supreme
What has the author Wanda Tseng written?
Wanda Tseng has written: 'China' 'Recent issues in exchange rate policy in developing countries' -- subject(s): Asia, Foreign exchange administration, Foreign exchange rates
What has the author Marc Klau written?
Marc Klau has written: 'Exchange rate regimes and inflation and output in Sub-Saharan countries' -- subject(s): Foreign exchange administration, Foreign exchange rates, Inflation (Finance)
