2006-10-05 14:06:17 · 6 answers · asked by somers89 1 in Business & Finance ➔ Other - Business & Finance
Due to economic reasons on different Countries.
2006-10-05 14:09:19 · answer #1 · answered by Videofan 7 · 0⤊ 0⤋
Since the elimination of a gold or silver standards, meaning 1 dollar was equal to some amount of gold, money's value is based in the stock market.
Just as in the stock market the value of your stocks and money assets can fluctuate depending on how well that particular stock or currency is doing. If the economy of a country sucks, and they are at war, it's value compared to a stable country will go down.
This is why we have an exchange rate because every countries currency has different values depending on how the country is doing.
However, just like a stock market there can be "imaginary" negative factors that can change a currency's value. If a country is expected to go to war or get sanctions placed on it, the value of the currency can go down. This is the same thing that happens with companies when they say what they think their earnings are, or if a report come out that they might be going bankrupt. Nothing has actually happened yet, but the speculation is enough to devalue it.
2006-10-05 14:18:32 · answer #2 · answered by PseudogodJ 3 · 0⤊ 0⤋
What are you talking about???? You mean the value of money over a period of time, or paying someone overtime for working over a 40 hour week. ?????
2006-10-05 14:09:49 · answer #3 · answered by Bikerbutt 3 · 0⤊ 0⤋
because m2 money supply changes over time. Changes in imports/exports, debt, budget deficits and interest rates of each country.
2006-10-05 14:12:19 · answer #4 · answered by troyboy 4 · 0⤊ 0⤋
To earn extra money and save for the future.
2006-10-05 14:09:48 · answer #5 · answered by Sam X9 5 · 0⤊ 0⤋
Supply and demand, perceived value, productivity, national debt, war or peace, gross national product, national debt, national infrastructure, crime and perceived lost of integrity.
2006-10-05 14:12:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋