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Generally, yes, because most countries use flexible exchange rates and so arbitrage ensures that the value of a currency is determined accurately (i.e. if the currency was overvalued for some reason, experienced for-ex traders would realise and cause it to fall). If the exchange rate is fixed you can't tell if it's valued correctly because it is usually pegged on another exchange rate (so if the other currency depreciates the government will make sure that their currency depreciates). This means that the value of the exchange rate doesn't reflect what is going on in the economy, it reflects what is going on in the other economy.
What else can I help you with?
What is The US value of a 1000 gnnet bill?
The 1000-gnnet bill is not a recognized currency in the United States. It seems to refer to a specific denomination of currency from a different country, possibly a fictional or obsolete currency. To determine its value in US dollars, you would need to know the current exchange rate for that currency against the US dollar. If you provide more context about the currency, I can offer a more precise answer.
How much is 100 apaxmai ekaton in pounds?
To convert 100 apaxmai ekaton to pounds, we first need to know the value of "apaxmai ekaton" in a recognized currency. If "apaxmai ekaton" refers to a specific currency or unit, please provide its value in pounds. Without that information, I cannot provide an accurate conversion.
What is the currency value of 1 jugoslavija dinara in Indian rupees?
i wanna know how much a 1000 jugoslavija dinar cost in Indian rupees and where i exchange that money in India
What is the most important currency in the foreign exchange market?
I don't know if there is a most important currency in Forex, but the currency that is being traded the most is the USD.
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.
Does anybody really know what time it is does anybody really care?
stupid question u fk
How does anybody really know anything?
They know thing from there brain.
What is the hertz or pitch range of a banjo?
I really do not know. Does anybody else know?
How many slaves where in the civil war?
Does anybody really know for sure?
What was a kids chores in colonial New Jersey?
i dont really know. Dose anybody know?
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.
What is the value of 25 cent 1984 republica dominaicana?
It is 25 cents.If you want to know its value in another currency you will need to specify which currency you want it to be valued in.
How do you know where to put the decimals in your answer?
i don't really know that why I'm asking if anybody know please help me do this question?
Why would anybody ask for a blue rose?
I don't really know .... You tell me!
Why are there labels in the neck of shirts?
there really scratchy and i have no idea why they are put in. anybody know?
What is the value of a Foremost model 6870H Savage 30H?
does anybody know what year they were made?
