How is a country's currency is being valued with that of another country?. Please explain with an example.

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How is a country's currency is being valued with that of another country?. Please explain with an example.

2007-08-14 00:38:20 · 2 answers · asked by Anonymous in Social Science ➔ Economics

2 answers

There is a world wide currency exchange market FOREX where banks, corporations, speculators, etc and even ordinary people can buy and sell currencies. Here is a link to a trading site
http://www.fxstreet.com/

2007-08-14 08:36:20 · answer #1 · answered by meg 7 · 0⤊ 0⤋

it is how much of another country's currency can I purchase with mine

2007-08-14 08:57:36 · answer #2 · answered by haggismoffat 5 · 0⤊ 0⤋