Currency

POSTED BY TheZionView ON October 6, 2010 9:00 pm COMMENTS (2)

I always wonder how the currency rates between countries work and how they are managed & Valued?.

For Example

Today

1 US Dollor =   44.49 Indian Rupee

1 US Dollor =   30.96 Taiwan Dollor

1 Taiwan $ =   1.437 Indian Rupee

 

 

2 replies on this article “Currency”

  1. MoneySavingsHelp says:
    October 7, 2010 at 7:29 pm

    It’s a complete separate market – Forex like any other exchange – Stock exchange etc. You buy or sell currencies like you buy or sell shares. And the price of these currencies goes up or down depending upon demand & supply rule.

    Get a free demo account with any online forex broker & see yourself. This is the most interesting market.

    Hope it will help you.
    InvestmentKit

    Reply
  2. Arun Prashanth Gounder says:
    October 6, 2010 at 11:15 pm

    when you trade currencies your just actually exchanging them … you buy a currency and sell another .. you buy 1 USD and sell 44.49 INR for that .. so if the USD strengthens then 1 USD can buy more INR … thats how money is made and lost … when coupled with leverage ( upto 500 times capital ) the returns can be astounding … such large leverage is given because positions can be easily closed when they cross margin limits because of the liquidity available .. abt 2 trillion $ is traded in the forex markets daily …

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.