why is one nations dollar worth more than another?

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why is one nations dollar worth more than another?

and can you make interest off of anothers?

2007-01-29 19:26:42 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

2 answers

It's the law of supply and demand. If a nation has a low supply but high demand for their monetary unit, it will appreciate against other nations money.

2007-01-29 19:34:55 · answer #1 · answered by TE 5 · 0⤊ 0⤋

The better the economy of a country the higher the value of dollar or any other currency of the country. Dinars of oil rich countries have the highest value.

2007-01-29 19:39:48 · answer #2 · answered by J.SWAMY I ఇ జ స్వామి 7 · 0⤊ 0⤋