Q. What determines the value of currency?

What determines the value of currency?


valuation currency value
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Jul, 2018

1 Answer
  • thorty

    the simple answer is the market forces of supply and demand. If there is more demand for the Euro, its value will appreciate. If there is less demand for the Euro, its value will depreciate


       

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Currency

The strength of currency is a sign of strong nation. It is not known for sure since when money came into use, but in the records of history there are several proofs of its early existence. Units of currency have relative valuation in correspondence to other currencies. Money is of significant importance to an economy due to its involvement in the day to day life of people. A consumer, producer, businessman or a beggar cannot spend a single day without indulging in monetary exchange.

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