Friday, April 1, 2011

Your questions about currency exchange rates

Mark asks…Why do currency exchange rates change every day?The system of currency exchange rates has always facsinated me.

I could have $100, convert it into ₤49.34, then convert it back the next day to $101. Why do currency rates have to change every day?

Is this somehow helping the economy? Or is it hurting it?Travel Agent answers:Ill use the term "economy" instead of "country"

We see an economy improving and deproving as time goes by. We may not realise it instantly but we come to

Read more ...

No comments:

Post a Comment