Understanding the effects of currency exchange rate (The Value of Money) Diorama project
Money value from olden times was based on accepting it in exchange for something such as material or services, but as the years went by, trading of goods or services for money become a problem in getting fair value.
Therefore a system of putting value on each nation currency was developed by the countries themselves. Today the daily exchange of currency in the U.S and other nations around the world has its effects on international trades.
The Economical side of each country has an exchange rate based on trading and services given. It was put in place so that each foreign currencies are match with its country of origin currency exchange conversion, so that the dollar strength and weakness can be determined country by country.
A strong dollar verses a weak dollar has its good and bad side. When the dollar is strong it can buy more foreign goods, but when the dollar is weak it cannot purchase much foreign goods, which means that the dollar is losing it value. In this case each country has the advantage and can buy much goods and pay less for services. 1.00 US Dollar Rates table
US Dollar
1.00 USD inv. 1.00 USD
Euro
0.734059
1.362289
British Pound
0.596926
1.675250
Indian Rupee
59.299710
0.016863
Australian Dollar
1.075297
0.929976
Canadian Dollar
1.084975
0.921680
Emirati Dirham
3.672960
0.272260
Swiss Franc
0.896032
1.116032
Chinese Yuan Renminbi
6.243041
0.160178
Malaysian Ringgit
3.223150
0.310256
New Zealand Do
The U.S. dollar value is considered to be strong when it is compared to some of the other nations. In this case the U.S are willing to do trading with nations whose dollar value are weak. For example trading with
