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Why do Australians have to change currency in order to trade with other countries?
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What is a cost of in rupee?
In order to convert currency, you need to include the two currencies as well as the date, because prices change every day.
How do changes in interest rates inflation productivity and income affect exchange rates?
Some countries simply allow the exchange rate to be determined by demand and supply. Some countries attempt to keep the exchange rate between their currency and another currency constant. When countries agree to keep the value of their currencies constant, there is a fixed exchange and is called exchange rate system. Exchange rate or value of a currency is defined by its supply and demand factors. If a country has high interest rate, that will attract more investors to buy that currency to invest (increase in demand for the currency). If inflation is high, the value of the currency decreases over time and therefore not attractive to hold (decrease in demand). If the country has high productivity and does a lot of exports, foreigners will need to buy currency in order buy the goods (increase in demand).
what is trading and what are the types of trading?
Currency trading is buying foreign currency and converting it to your currency. Foreign currency when converted to US currency is worth more than the American dollar. In order to do this you need to know the exchange rates.
Which of the following explains what happens when currency traders buy on?
They borrow money from their broker in order to make a larger currency purchase
When one currency is getting stronger and other goes weak in forex which one you have to buy or sell?
In order to make profit you should buy the currency that is getting stronger and sell the currency that is getting weaker.
Where might one go online to learn how to convert one countries currency into another countries currency?
Actually, there are several different tools available online in order to do currency conversions. Some examples include the "Currency Converter" tool of Yahoo or the "Currency Calculator" at OANDA.
Why do nations need a system of currency exchange rate?
Nations need a system of currency exchange rate in order to be able to tell the value of their currencies. The exchange rate is set again the price of gold in order to have some uniformity across all nations.
What is a cost of in rupee?
In order to convert currency, you need to include the two currencies as well as the date, because prices change every day.
What step did Gorbachev to change the soviet foreign policy?
Gorbachev promoted cooperation with western countries in order to change soviet foreign policy.
What step did Gorbachev take to to change soviet foreign policy?
Gorbachev promoted cooperation with western countries in order to change soviet foreign policy.
What steps did gorbachev take to change the Soviet foreign policy?
Gorbachev promoted cooperation with western countries in order to change soviet foreign policy.
How do changes in interest rates inflation productivity and income affect exchange rates?
Some countries simply allow the exchange rate to be determined by demand and supply. Some countries attempt to keep the exchange rate between their currency and another currency constant. When countries agree to keep the value of their currencies constant, there is a fixed exchange and is called exchange rate system. Exchange rate or value of a currency is defined by its supply and demand factors. If a country has high interest rate, that will attract more investors to buy that currency to invest (increase in demand for the currency). If inflation is high, the value of the currency decreases over time and therefore not attractive to hold (decrease in demand). If the country has high productivity and does a lot of exports, foreigners will need to buy currency in order buy the goods (increase in demand).
How did Charlemagne change Western Europe?
Charlemagne changed Europe by creating order. He did that by joining different countries together.
How long have the native Australians lived in Australia?
Current thought is of the order of 50 000 years.
What happens when Currency traders buy on margin?
When currency traders buy on margin they borrow money from their broker. They do this in order to make a larger currency purchase.
What will be 50 krone in Norway in Ghana currency?
50 NOK is about 13GHS. You can use a currency converter in order to get an idea, note, they are never one houndred percent accurate as the value of currencies change all the time. For example see the related link below.
what is trading and what are the types of trading?
Currency trading is buying foreign currency and converting it to your currency. Foreign currency when converted to US currency is worth more than the American dollar. In order to do this you need to know the exchange rates.
