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.
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Renminbi is the currency issued by the People's Bank of China, the monetary authority of China. The price of one US dollar is in today's rate is equivalent to 6.11 Chinese Yuan (RMB).The difference between Renminbi and Yuan is that Renminbi is the official name of the currency and Yuan is the main unit of currency.
The answer depends on the currency unit involved and the population from which the random family is selected. Within most countries, there is considerable variation in incomes between different regions.
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There is no difference.
The answer depends on the currency unit involved and the population from which the random family is selected. Within most countries, there is considerable variation in incomes between different regions.