0
The values of currencies are based on that country's economic strength. Goods do not have the same value across multiple countries.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
The value of one's country's currency as compared to another country's currency?
Floating exchange rate
What decides the value of a currency?
Amount of gold desides currency of country.
Which country currency value is low?
Somalia is the country with the lowest value because of its instability.
When the value of a country's currency goes up compared to another country's currency that is considered a?
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.
Which country has the highest value of currency?
quait dinnar
The value of one's country's currency as compared to another country's currency?
Floating exchange rate
What decides the value of a currency?
Amount of gold desides currency of country.
Which country currency value is low?
Somalia is the country with the lowest value because of its instability.
When the value of a country's currency goes up compared to another country's currency that is considered a?
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.
What is the value of 1 peseta?
It is 1 peso! And if you wanted to know its value in some other currency then you need to specify which country's peseta you are talking about and also in which country's currency you want its value.
What is the value of 1 peso?
It is 1 peso!And if you wanted to know its value in some other currency then you need to specify which country's peso you are talking about and also in which country's currency you want its value.
Which country has the highest value of currency?
quait dinnar
Which country has the highiest value currency in the word?
America
What is the definition of devaluation of Indian currency?
The definition of devaluation of Indian currency is the loss of the value of the currency. This is a an adjustment of the country's currency value downwards compared to other major currencies in the world.
What is the measure to bring down the value of currency by a country against foreign currency called?
demonetisation
What is the foreign exchange?
Foreign exchange refer to the act of exchanging one country's currency by a different country's currency.
What is the difference between a fixed currency and a floating currency?
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
