I understand that exchange rates encourage / limit international trading, and I understand that the changes are similar to the stock market and supply and demand. But, these numbers... where do they come from? Who decides? Is there an international committee of bankers that decide what they feel like charging people? Who decides that the GBP should be worth 1.98 against the USD instead of 1.70? I am ignorant, please enlighten me.
2006-12-05
01:05:13
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4 answers
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asked by
rockintheuse
2