Dollar bills are “fiat” money – they are valuable because the government in power says so. People can, however, write contracts that specify payment in other currencies. … A more profound, and perhaps slightly unsettling, reason that a dollar has value is simply that lots of people are willing toRead More →
Policy Euro will not be adopted by incoming government The incoming government coalition has announced that it does not plan to bring the euro to the Czech Republic during the forthcoming parliamentary term. Is Prague on the euro? The official currency in the Czech Republic is the Czech crown (Kč,Read More →
The forex market is far more volatile than the stock market, where profits can come easily to an experienced and focused trader. However, forex also comes with a much higher level of leverage and less traders tend to focus less on risk management, making it a riskier investment that couldRead More →
The main advantage of devaluation is to make the exports of a country or currency area more competitive, as they become cheaper to purchase as a result. This can increase external demand and reduce the trade deficit. Conversely, devaluation makes imported products more expensive and stimulates inflation. How does aRead More →
Yes, china is in the scrabble dictionary. Is Yuan an English word? yuan | Business English the basic unit of money in China; the main unit of the renminbi currency: China’s yuan has risen by 10% against the dollar in the past two years. Can you use foreign words inRead More →
What currency is higher than the US dollar? Kuwaiti Dinar – (1 KWD = 3.29 USD) The worlds strongest currency is the Kuwaiti Dinar. It is the highest valued currency against the United States Dollar. Located on the tip of the Persian Gulf, between Iraq and Saudi Arabia, Kuwait’s wealthRead More →
Although paper-based currencies are becoming less popular, they will likely stick around for the foreseeable future. Dollars and cents may become harder to use, but as with many obsolete technologies, there are enough users to ensure demand doesn’t disappear completely. Is paper money better than electronic money? Digital money isRead More →
Hedged ETFs like the iShares Core S&P 500 ETF are funds sold in Canada that hold U.S. stocks. However, they are hedged against any movement of the U.S. dollar against the Canadian dollar. That means that the ETF’s Canadian-dollar value rises and falls solely with the movements of the stocksRead More →
Although this depends on many factors, including which currencies you want to convert and which country you are travelling to, generally speaking exchanging your money AFTER you travel will provide you with a more favourable exchange rate. The rule is simple: the more common the currency is, the cheaper itRead More →
The Maldivian Rufiyaa is the currency of Maldives (Maldive Islands). Although as a tourist you really do not need to take much if any local currency. The best currency to take to the Madlives is either the Euro or the Dollar. Although many island allow and some prefer tyou toRead More →