how do they value currency..???
like kuwaiti dinar is much higher in value
then
pounds
then euro
and then dollar
how do they categarise diferent countries curency value?
if we go and but foreign currency in pak rupess we get
1 kuwaiti dinar in 290 pak rupee
1 dollar 84 pak rupee etc
Re: currency value
no one knows about this ...how bad
Re: currency value
I am sure some people know about it here but probably they didn't see the thread.
There are many factors involved in evaluating currency values. It started off from how much gold a government has in its reserves.
Re: currency value
The total amount of money in circulation, interest rates, inflation rates, international trade situation, demand and supply situation of imports and exports, strength of economy, stability of government are some of the factors that go into determination of exchange rates of respective countries.
Re: currency value
The exchange rate of a currency is NOT a signal of its strength v/s other countries' currency. Historically, currencies of strong countries like Japan and Italy have been valued less than Pakistani rupee and is has nothing to do with comparative economic strength of these countries.