To calculate a currency conversion rate, you need to know the exchange rate between the two currencies you are converting. The exchange rate is the price of one currency expressed in another currency. For example, if the exchange rate between the USD and the EUR is 1.20, it means that 1 ...
Highest Currency in the World –The idea that the U.S. dollar is the highest currency in the world is so common that practically everyone holds it in high regard. But that’s not true; the U.S. dollar isn’t the most valued or highest currency; it’s just the most-used currency. ...
The Kuwaiti dinar (KWD) is the world’s strongest currency, and this is for a number of reasons. For starters, Kuwait has one of the largest oil reserves in the world.It’s also a wealthy country, whose government has prioritised the growth of the country’s private sector, the ...
indivisible.” Although the EU and its predecessor, the European Economic Community, have been around since 1958, the continent is only being forced to address these fundamental questions now, as the 13-year-old euro currency teeters, along with the solvency of at least a half...
That refers to United States Dollars. In the forex world, USD is among the most powerful currency in the world alongside Euros, Yen, and Pounds. For this reason, you see many traders exclusively trade with these currencies only. When people speak of USD, nine times out of ten, they mean...
It is the opposite of a trade deficit. A trade surplus can create employment and economic growth, but may also lead to higher prices and interest rates within an economy, as well as a more expensive currency. In the United States, trade balances are reported monthly by the Bureau of Econom...
Of all three types of hanging man candlestick pattern formations, this one is the strongest signal that the bullish trend is about to head in the opposite direction. Bullish Hanging Man Candlestick Pattern The bullish hanging man candlestick pattern appears when the candles’ closing prices exceed ...
@hamje32 - I don’t think that will ever happen. The dollar is still the strongest currency in the world because it’s still backed by the strongest nation and economy in the world. The article’s assertion that some people envision a world currency, while factually accurate, will never...
Humanity has been doing better in this post-apocalyptic world. Canned food production has increased, becoming the hard currency of this world and commonly used for trading. However, the financial nature of canned food has led organizations to team up to hoard supplies, increase their scale, and...
European society has always been divided into classes, so people there accept the idea of status very easily and naturally. Whereas in America, a mobile society, a kind of social paranoia exists, because no one is certain what his status in society is. In America everyone thinks he...