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Why is there a difference in currency value between different countries?
Because the value of each currency is based on their economic strength. Currency is traded between countries - and one currency may be in more demand (increasing its value) than another.
What is the difference between a fixed currency and a floating currency?
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
Are the Canadian and the American currency same?
No, they're a different currency although there's not alot of difference in the actual value at the moment:Canadian $=1.0017 US $
What is the difference between face value and intrinsic value of money?
face value is the value written on the coin(currency),and intrinsic value is one which when the same coin is melted and that metal is sold the cost of that. before tuglak's rule the face value of the currency was equal to intrinsic value in india.
What is the type of currency exchange rate system in which values stay constant?
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
What is the difference between currency style in Excel comma style and accounting style in excel?
Accounting format align all the currency symbols at the left edge of the cell while Currency format align all the currency symbols them next to the number. Accounting shows a dash for zero value, Currency shows an actual zero. The actual difference is Currency has: #,##0.00_);(#,##0.00) Accounting has: _(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_) ; SANJAY KISHORE
250000 turk lirasi is this currency hAs value or not?
250000 turk lirasi is this currency hAs value or not?
How currency get value?
Governments issue currency, and if you trust the government, you will trust its currency.
What is the value of 1949 FID DEF one shilling?
According to prices on ebay, they are worth no more than $50.00 in U.S. currency. The condition of the coin makes a difference in its value.
What is the difference between a Banknote and a Currency note?
A "banknote" is the official currency of a country issued by the central banking authority of that country. A "Currency Note" is defined as any bill or note not exchangeable at par (for the local currency), issued by a person or company (not a bank) with a fixed value printed on the note.
Differences between currency depreciation and apreciation?
Devaluation and depreciation are often interchangeable, although there is a subtle difference. Devaluation refers to changing the value of a currency in a fixed exchange rate, while depreciation is decreasing the value in a floating exchange rate.
What currency has the highest value against Indian Currency?
euro
