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Archive for February, 2008

How are the currency exchange rates determined daily?

Thursday, February 28th, 2008

mutyalarao asked:

We see that the Foreign currency exchange rates keep fluctuating daily…Who decide those rates and what are the factors and parameters that are considered for this?

Also who decides how much currency can a country create in tis mint?

Thanks in advance!!

HERMAN

Tags: Foreign Currency Exchange, Foreign Currency Exchange Rates, Foreign Exchange
Posted in Other - Business & Finance | 1 Comment »

How much do you need to pay to exchange currency?

Sunday, February 10th, 2008

icy asked:

I’ve got some US dollars and I want to exchange them to Hong Kong Dollars, but I don’t know how much to pay the exchanger. My friend says that you need to pay 10% of the money you want to exchange, is that true? Also, do they deduct the amount of money you need to pay in the currency exchanged?

ELIZABETH

Tags: Amount Of Money, Exchange Currency, Money Exchange
Posted in Other - Business & Finance | 1 Comment »