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Currency Exchange

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adriansh
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Post: #1
Currency Exchange

Hi!

My currency rate in Skyrim is of 1.30$/Euro

And my GDP is circa 1050B and circa 1370 in $

I would like to know exactly the meaning of this because other nations in World Brasilia have vastly large GDP's but when brought to $ currency it's a lot less.

02.05.2017 01:24
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CommieScum
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Post: #2
RE: Currency Exchange

adriansh Wrote:
Hi!

My currency rate in Skyrim is of 1.30$/Euro

And my GDP is circa 1050B and circa 1370 in $

I would like to know exactly the meaning of this because other nations in World Brasilia have vastly large GDP's but when brought to $ currency it's a lot less.


I'm pretty sure the actual notation is supposed to be your currency per Euro, Euro being the "gold standard" of the world exchange. In other words, your currency isn't very valuable, as 1.3 of your dollars can only buy 1 euro. Why do I think this? A Euro is extremely explicit. A dollar sign could mean a myriad of different currencies. The people who made this game are also Europeans. So, I suppose, I'm making an inference... The GDP = 1050B and 1370$ is just 1050 x 1.30, rounded to the nearest 10ths place. Moreover, in my experience, a higher trade deficit leads to the "per dollar" number increasing. This implies that it is indeed your currency, being standardized to a Euro.

This post was last modified: 02.05.2017 18:50 by CommieScum.

02.05.2017 18:41
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adriansh
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Post: #3
RE: Currency Exchange

Tough luck

Could you give me pointers/some advice to solve this issue?

Thank you

03.05.2017 00:08
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CommieScum
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Post: #4
RE: Currency Exchange

adriansh Wrote:
Tough luck

Could you give me pointers/some advice to solve this issue?

Thank you


Seeing as this game pays little to no attention to the exchange rate and its complications, your best bet is to raise tariffs, to try and balance trade. Trade in this game doesn't balance itself out, strangely enough. Trade deficits are seemingly perpetual if no action is taken, as well as a weakening currency. Likewise, all I can say is to ignore it - except if you are playing a world state. World states get higher alliance value if they have a trade surplus - meaning tariffs are actually worthwhile, by game mechanic. On the other hand, don't be afraid of the presumable inflation a weak currency causes. The game doesn't care about Real GDP, it seems. Alliance values are determined by GDP; there's really no extreme penalty for having high inflation!

This post was last modified: 03.05.2017 03:22 by CommieScum.

03.05.2017 03:22
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adriansh
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Post: #5
RE: Currency Exchange

Quote:
seeing as this game pays little to no attention to the exchange rate and its complications, your best bet is to raise tariffs, to try and balance trade. Trade in this game doesn't balance itself out, strangely enough. Trade deficits are seemingly perpetual if no action is taken, as well as a weakening currency. Likewise, all I can say is to ignore it - except if you are playing a world state. World states get higher alliance value if they have a trade surplus - meaning tariffs are actually worthwhile, by game mechanic. On the other hand, don't be afraid of the presumable inflation a weak currency causes. The game doesn't care about Real GDP, it seems. Alliance values are determined by GDP; there's really no extreme penalty for having high inflation!


Yes,it is a world state and yes i'm on an alliance.

I see your point, yet i have to remark something, my inflation has been steadily decreasing as my exchange rate has gotten up (don't know whether if this is coincidental)

i will experiment with raising Tariffs to see what are the results

03.05.2017 04:28
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hamma13
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Post: #6
RE: Currency Exchange

CommieScum Wrote:
I'm pretty sure the actual notation is supposed to be your currency per Euro, Euro being the "gold standard" of the world exchange.

It's the other way around. Your national currency is the Euro, the Dollar is the international/foreign currency. The higher the exchange rate (which tells you how many Dollars you can buy with one Euro and is read: X Dollar per Euro) the more valuable your national currency. GDP in dollar is your nominal GDP multiplied with the exchange rate (GDP*€*EX*$/€=GDP*EX*$).
If you want to compare your GDP to other States you have to use the Real GDP figure.

26.09.2017 11:06
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Alexei B.Miller
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East Altai
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Post: #7
RE: Currency Exchange

I'm pretty sure they refer to the U.S. Dollar which is the reserve currency


"Hitler wanted to destroy Russia, everyone needs to remember how that ended"

Vladimir Putin

26.09.2017 22:31
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