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Bvpraveen Posted 21 years ago
Business & Finance

Money Evaluation

0 1) I wonder on what basis do we evaluate the 'power' of one country's money. 02br
00Eg. US dollar is more powerful than that of Indian rupee. 02br
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002) Similarly how we are calculating the equivalence between two countries money. 02br
00Eg. $1 (US) = Rupees 43 (Indian) 0-
  

Top answer

0 In my opinon, this is very simeple. Suppose - You can buy one BMW car at 30000 USD. Can you buy one BMW at 30000 Rupees?

— Wunna

  • 0 In my opinon, this is very simeple.
  • Suppose - You can buy one BMW car at 30000 USD.
  • Can you buy one BMW at 30000 Rupees?
  • You have to pay around 30000 x 43.
  • 0-
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12 Answers
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0 In my opinon, this is very simeple. Suppose - You can buy one BMW car at 30000 USD. Can you buy one BMW at 30000 Rupees? You have to pay around 30000 x 43. 0-
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0 Wunna, my central point is why it's "43"? 0-
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I think it depends on the policy and economy development of each country. The money of one country is stronger than another if the former's economy is stronger. For example, USD is very strong 'cos US economy is strong. But in some case, it depends on the policy. For example, China wanna get its currency rate down to get their products' price down in order to sell
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TammyBabyI think it depends on the policy and economy development of each country. The money of one country is stronger than another if the former's economy is stronger. For example, USD is very strong 'cos US economy is strong. But in some case, it depends on the policy. For example, China wanna get its currency rate down to get their products
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Most probably it happens on the basis of the bilateral trades between two counteries.

During bilateral trade there are two terms one is export and other is import.

The currency is evaluated on the basis of this transection.

If the country is exporting more to another country than getting import from that country.

Then currency of this country will be stronger
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AnonymousMost probably it happens on the basis of the bilateral trades between two counteries.

During bilateral trade there are two terms one is export and other is import.

The currency is evaluated on the basis of this transection.

If the country is exporting more to another country than getting import from that country.

Then currenc
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plzzzzzzzz sand me r telllll me what is Evaluation money,.i will be very thank full 2 u .
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and what about countries that has CURRENCY BOARD ?

their currency could be very good, but whole industry in colaps...
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0U JUST TELL ME HOW ARE EXCHANGE RATE DETERMINED?02br
02br
00HOW COME USD IS 40 TIMES THE CURRENCY OF INDIA WHILE NEXT DAY U WILL FIND IT AT 3802br
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00TARUN TYAGI02br
02br
00DELHI0-
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