How Exchange Rates Work | Forex
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● We explain topics simply. So Subscribe if you want to learn while being entertained. ✔ Please like the video and comment if you enjoyed - it helps a lot! ▶ If you want a question answered then ask in the comments and we may make a video about it! About the video: You may have traveled a lot and wondered why you get more of one currency when you exchange it for another. If so, you have witnessed exchange rates in action, but do you know how they work? Watch the video to find out what exchange rates are, how to convert between them and the different systems which determine a currencies exchange rate. Historically the gold standard system had been used, which fixed currency to a select value of gold, held in a vault. The three main systems are the floating, managed and fixed exchange rate systems. The floating system has minimal government intervention, using supply and demand to determine the exchange rate. The managed exchange rate is allowed to be within a permitted band and a fixed exchange rate is usually pegged to a currency with the interest of being competitive in the international market. The video explains this in more detail and with helpful picture to guide you through the subject.
Comments
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Thank you sir
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Good explanation
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Going back to US from Philippines with a big chunk of change, A little over 1k US but its currently in PHP. Where would be the best place to change it Back to US? Philippines Hong Kong or US? simple answer please. Thank you!
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refer to this page for exchanging your currency into nepali rupee "https://www.facebook.com/nepexc/ "
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just say that one Mexican dollar value 1 u.s dollar and Mexico minimum wage is 400$ a week, would Mexico become rich? ??
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just say that one Mexican dollar value 1 u.s dollar and Mexico minimum wage is 400$ a week, would Mexico become rich? ??
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changer the euro by usd dollar 1 time yours life milion dollar exvhanger rates economic
currency process of exchanger rates. -
Two of my friends use this softwre with me. we love this software.? Still my favorite is HERE https://t.co/tYYWljQ1AN
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so technical, not suitable for non commerce students
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If I have x amount of Israeli Shekels and wish to convert it to Australian dollars, does the value of the AUD against the US dollar have any relevance?
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I wish the narrator had better diction. His articulation is sloppy and tough to quickly understand in some places. Need to have crisp articulation in something like this.
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So many Ppl have asked questions , this mother bitch the video maker hasn't replied
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@3:12 What do you mean, "release it into the market"? Who are they releasing it to? Are they buying bonds from banks to increase the money supply?
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Hi! I have a question. Say Mr. A has some undeclared currency (black money) of a certain country K, whose exchange rate is much lower than that of USD (say 1 USD = 100 in K currency). Mr. A lives in USA and earns there but doesn't have to pay taxes. He also has a steady income in his native country K, which is the origin of his black money. Now, if he brings that black money in cash to USA and send back equal amount of USD back to his native country (by online transfer to bank account), is the economy of country K getting any benefit out it? Thanks in advance
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im play this rates proces.. im know
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what are the top 5 things a country can do to raise its currency value?