to the positive, since with what's been going on globally? For instance, it was around 1480 Dinar to the Dollar in mid-October, and now it is 1323? What is your opinion of this, if you are savvy to finance and monetary circumstance?
2006-12-29 03:47:26 · 3 answers · asked by NONAME 1 in Business & Finance ➔ Investing
Which currency is used in the relation of other currencies being traded off of each other, and why? Thanks?
2006-12-29 04:10:01 · update #1
David42
So what you are saying in relation to your "savvy" post regarding the "tightening and loosening of the belt" (interest rates), which occurs globally by nations, means that the strength of the dollar, and also its strength in its market and economy have no bearing on the rest of the worlds interest rates, or markets or economies?
NONAME, just as many fluctuations occur which precipitate change and effect in the pricing of anything globally, adjustments are made in concern towards consideration for supply and demand which sets these prices. As the global economy meshes, so do these global economies' prices, interest rates to control said prices, and these economies falling into line, with prosperity, or not, which most do follow therein. Which is why there was the creation of currency trading to begin with, which was to create an as closely possible, "in tandem" global economy, and done so BY this narrowing of the spread in range of disparity in value of these currencies. And all this was started with the fore-sight of global prosperity by the eventual fruition of a GLOBAL economy in its very creation (currency trading). Any closing of the spread by any currency against the next, exhibits a strengthening in the lesser, and therefore growth in this lessers economy. Are we comparing the Dinar to the Dollar? So all I can say is that the Dinar is ALSO "following the leader." And also, money stays where it hurts to leave most. (The reason for interest rate fluctuation) Contribution. I hope I helped you gain some clarity in understanding of global economics
2006-12-29 04:21:01 · answer #1 · answered by Garret Tripp 3 · 0⤊ 0⤋
The Dinar is strengthening in relation to the dollar. The dollar has been weak this year in relation to other major currencies. Currencies trade every day against one another. Another consideration is the rate of inflation in both nations. See the article below.
2006-12-29 03:56:06 · answer #2 · answered by david42 5 · 0⤊ 0⤋
What you are seeing is the rise before the fall. I would not touch them with a barge pole.
2006-12-29 10:04:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋