Can anyone tell me exactly how a country's currency is valued on the foreign exchange market?

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Can anyone tell me exactly how a country's currency is valued on the foreign exchange market?

2006-08-01 21:14:07 · 4 answers · asked by viv_1612 1 in Business & Finance ➔ Other - Business & Finance

4 answers

No, nobody can.

It is a market of supply and demand like any other market. The trust in a country may increase the value over another country. There will be more demand for that currency and the price goes up. That's about all there is to it.

If anybody knew exactly how this worked they would be richer than any country.

2006-08-01 21:17:36 · answer #1 · answered by Puppy Zwolle 7 · 0⤊ 0⤋

See links from page below

2006-08-02 05:01:16 · answer #2 · answered by berlingoffer 5 · 0⤊ 0⤋

Go on xe.com that may give you some idea

2006-08-02 04:20:20 · answer #3 · answered by Angel666 3 · 0⤊ 0⤋

2006-08-02 04:19:34 · answer #4 · answered by Krishna_B 2 · 0⤊ 0⤋