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Currency and Exchange Rates

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ConservativeUK
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Post: #1
Currency and Exchange Rates

Is this a weak or strong currency.
0.84 $ / €
Im assuming it is a strong currency as my budget is in euros?

30.12.2010 19:58
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Helsworth
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Post: #2
RE: Currency and Exchange Rates

All budgets are in euros, this is a german game afterall Wink
Your currency shows the parity between $/euro and it is a strong currency, that consumers and exporters benefit from.


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This post was last modified: 30.12.2010 20:08 by Helsworth.

30.12.2010 20:08
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OVERSIER
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Post: #3
RE: Currency and Exchange Rates

It is a weak currency from the money exchange point of view . It is strong for exportng and consuming as a nation .


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01.01.2011 17:48
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ConservativeUK
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Post: #4
RE: Currency and Exchange Rates

Is it not the case that it is a strong currency.
The currency my country operates in is the euro, and the dollar is the other currency.
doesnt 0.86 dollars to 1 euro indicate a weak dollar to my euro hence my currency is stronger as it is below parity with the dollar.

01.01.2011 21:30
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ystradband
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Post: #5
RE: Currency and Exchange Rates

It is slightly confusing.

You're correct that your currency is the euro and is compared to the dollar. However, your euro now only buys 86 cents so it has dropped in value. Of course, as has been pointed out, this could be good for your economy.


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02.01.2011 00:20
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Heenriik
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Post: #6
RE: Currency and Exchange Rates

ystradband Wrote:
It is slightly confusing.

You're correct that your currency is the euro and is compared to the dollar. However, your euro now only buys 86 cents so it has dropped in value. Of course, as has been pointed out, this could be good for your economy.


It is! That's why a cheap stimuli is simply printing money lol.
I sometimes print up to 20% of an increase in MS, but this goes with increased excise taxes so inflation is avoided by curbing private consumption Smile Exports are huuugee!

02.01.2011 02:16
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ConservativeUK
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Post: #7
RE: Currency and Exchange Rates

My economy is growing, and my interest rates are at 5% my national debt is falling and investment growing isnt it illogical that my currency is actually weak. when i look at some currencies there currency is stronger and have 1% interest rate ballooning national debt and deficits and falling investment and massive current account deficits.

02.01.2011 20:54
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Helsworth
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Post: #8
RE: Currency and Exchange Rates

Depends on the templates... What really gives the US dollar it's figure? Production? Nope, circulation.


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02.01.2011 21:14
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xaoc
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Post: #9
RE: Currency and Exchange Rates

Heenriik Wrote:

ystradband Wrote:
It is slightly confusing.

You're correct that your currency is the euro and is compared to the dollar. However, your euro now only buys 86 cents so it has dropped in value. Of course, as has been pointed out, this could be good for your economy.


It is! That's why a cheap stimuli is simply printing money lol.
I sometimes print up to 20% of an increase in MS, but this goes with increased excise taxes so inflation is avoided by curbing private consumption Smile Exports are huuugee!


in fact you have high inflation


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02.01.2011 23:30
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VincentNikolai
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Post: #10
RE: Currency and Exchange Rates

xaoc Wrote:

Heenriik Wrote:
It is! That's why a cheap stimuli is simply printing money lol.
I sometimes print up to 20% of an increase in MS, but this goes with increased excise taxes so inflation is avoided by curbing private consumption Smile Exports are huuugee!


in fact you have high inflation


Hehe He's right...

ConservativeUK Wrote:
My economy is growing, and my interest rates are at 5% my national debt is falling and investment growing isnt it illogical that my currency is actually weak. when i look at some currencies there currency is stronger and have 1% interest rate ballooning national debt and deficits and falling investment and massive current account deficits.

Hmm I wouldn't worry too much about the value of your currency as long as you WANT your economy to be export oriented, then be happy it isn't rising quickly.


Politics has no relation to morals.
The Prince, Niccolo Machiavelli
The Prince- A dedication and political maneuver by Niccolo Machiavelli to prove his advice's value to the maintenance of the ruling Florentine Medici Political force.

This post was last modified: 03.01.2011 00:20 by VincentNikolai.

03.01.2011 00:19
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