However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation. dollar, or even to a basket of currencies.Ī country’s currency value may also be set by the country’s government. In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. In a free economy, a country’s currency is valued according to the laws of supply and demand. Advanced GET 9.1 EOD Dashboard Edition Descriptionįor more info or file details on this item, go to MEGA CATALOG and scroll down to eSignal & Advanced GET folder.įoreign exchange, or forex, is the conversion of one country’s currency into another.
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