Inspired by the thread about our good buddy, Senior Chavez.
A few minutes of internet research yielded nothing useful. Then it occured to me: I can always ask apolyton!
So how the heck ARE exchange rates calculated? I know it is somehow vaguley connected to overall economic wellbeing of a country and perhaps something to do with it's GDP and national debt, but that is not what I wanted to know.
How are exchange rates on currencies decided and what effects them, day to day?
A few minutes of internet research yielded nothing useful. Then it occured to me: I can always ask apolyton!
So how the heck ARE exchange rates calculated? I know it is somehow vaguley connected to overall economic wellbeing of a country and perhaps something to do with it's GDP and national debt, but that is not what I wanted to know.
How are exchange rates on currencies decided and what effects them, day to day?
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