The £1 is still on the Slippery Slope ,
The £1 is still on the Slippery Slope ,
Ok, so how are these values set for various monetary rates? They are making no sense, or is that the way it is meant to be?
Very short answer Nev, care to expand.
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£1 gets you 42.60 baht , 1 Euro gets you 37.30 baht 1 dollar gets you 34.88 , so expand on what ? ,
Educate yourself......
Maybe you've traveled to Mexico or Canada, and exchanged your American dollars for pesos or Canadian dollars. Or, perhaps you've traveled from England to Japan and exchanged your English pounds for yen. If so, you have experienced exchange rates in action. But, do you understand how they work?
You've probably heard the financial reporter on the nightly news say something like, "The dollar fell against the yen today." But, do you know what that means?
In this article, we'll tell you what exchange rates are and explain some of the factors that can affect the value of currency in countries around the world.
How Exchange Rates Work | HowStuffWorks
Thank you BB for the sensible response. It seems others around here have spent too much time in the SC.
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Don't shoot the messenger ,
I wasn't referring to you Snake. I look at your posts daily since they are informative. Thanks
I only look at the dollar rates Ms Nev. Good night. Oh, and thanks for your help.
Snakie your doing a great job, go the aussie dollar pay day end of the month.
I'm looking forward to tonight's rates post by snakeeyes. The pound is on its way up.
Dollar down again on an inexplicably dovish fed.
Well almost inexplicably, except the US government along with all the other western nations don't have the money to service their debts, and are therefore going to come up with every excuse in the world to keep interests rates low (thus screwing up tons of people's retirement plans well into the foreseeable future).
Well, the EU have hinted at a rate rise, and the UK may follow suit.
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