The main determinant is the demand for that currency.
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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.
its place value
The "Q" in 100Q money refers to "quanta," which is a measure of value or currency. In some contexts, it can also represent the concept of quantifying money in a digital or blockchain format. The term is often used in discussions about alternative currencies or digital assets.
Trading of foreign monies are being done continually. Currency conversions are done by exchanging two different forms of money. One value of currency is traded for the current value of the other currency.
Foreign currency is calculated using the average market value of the currency over a 24 hour period and then comparing that value to other currencies. This is why exchange rates can vary from day to day.