How are caclulated foreign currency exchange rates?
Mick asked:
Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
.
Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
Busy Slimmers
Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
.
Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
Busy Slimmers
2 Responses to “How are caclulated foreign currency exchange rates?”
For dollars which in turn increases the dollar.
For dollars which in america go down foreign countries look to buy up american exports this drives demand for dollars which in america go down foreign countries look to buy up american exports this drives demand for dollars which in turn increases the dollar.
prices occurs at the exchange market where big quantities of currencies are exchanged. demand and supply determines the value.