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Value of currency?

How is the value of currency determined. Everyday on the news they say the US dollar is worth xxx and the Yen has gone down xxx.

Who decides what the daily value of currency is?

2006-11-06 06:48:16 · 1 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

1 answers

there are currency markets (similar to the stock market) where people buy and sell various foreign currencies. The price is set by supply and demand.

2006-11-06 07:52:30 · answer #1 · answered by Jim7368 3 · 0⤊ 0⤋

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