What changes the values ✘ | At the current exchange rate £60 is $150 but this $150 cannot even afford 1 bag when it used to afford 2 bags ✘ |
Different balances ✘ |
Why currency value fluctuations seems...
The table shows a simplified imagined trading between nations — where the United States buys oil from Saudi Arabia, and Saudi Arabia buys luxury bags from United Kingdom. If this table is right — say when the US$ decreases in value — since Saudi Arabia sells oil using the US$, even when they sell the same amount of oil at the same price, their income decreases so much until they can't afford luxury bags from United Kingdom anymore.
RM300
I am a millionaire
in Indonesia
So that's the power of currency exchange? Did I understand it right? But since money is not a commodity — don't you think it is ... wrong ✘ (=-=)v والله أعلم
KWD0.82 GB£1.79 EU€2.47 US$2.77 TR₺6.94 AED10.16 SAR10.38 CN¥17.35 JP¥331.08 Buy 30 with 7% discount at 1 million Rp |
And this currency represents gold, in which the gold is entrusted in an international vault
INTERNATIONAL |
UNITED STATES |
SAUDI ARABIA |
UNITED KINGDOM |
|
GOLD VAULT 1 Dinar = 4.25 grams |
currency to represent Dinar (paper / digital) |
currency in circulation |
Only Allah SWT Knows Best والله أعلم
Regarding the oil :: يوشك الفرات أن يحسر عن كنز من ذهب فمن حضره فلا يأخذ منه شيئا
What Is Money | Sponsor | Minimalist |
3 comments on "Currency Value"
Why do I feel the currency market is like playing Drug Lord...
Is this why foreigners own properties when they don't even live there;
while the locals who actually do cannot afford the houses?
Big Red X
. the government is to protect its citizens
. the housing projects are to shelter the locals first as they live there
. all citizens deserve to afford a home for their families
. homelessness should not happen when there are vacant houses
. the priority is less on foreigners as they don't live there, they probably:
. treat it as vacation house
. rent it (outward cashflow), or
. transact it for profit (profiteering)
Imagine it like exporting your food for higher price, but then your citizens become starved. So please, it's not all about the money - this is a humanitarian issue. ♥
Real businesses can be wrecked by currency exchange. It can cease businesses.
When businesses cease, it lessens the production of commodities:
. Less commodities → more demand → price inflation
. Less commodities → less jobs → more unemployment
I'm afraid if the warped money circulates mostly among the super rich.
Post a Comment