Foreign
Exchange
Rates
Exchange
Rates
the price of one currency, in terms of another
As researching online, I found a interesting information relating the
American dollar to the Euro. I have been to Germany, so I have experienced the exchange rate back about 7 years ago.
The chart below compares the Euro to 1 American Dollar
Information from the graph:
Monday, June 14=.816393 EUR
Monday, June 21 =.810438 EUR
Monday, June 28=.798021 EUR
Monday July 5= .798021 EUR
Monday July 12=.795418 EUR
Monday July 19=.771784 EUR
As seen by the chart, the Euro is not worth as much as it was on June 14th. The value dropped by about .044609 from June 14th to July 19th.
Average= .798832
High=.819807
Low= .769231
Click on this link Currency Converter to play around with different currencies.
As researching online, i came across an interesting video
What determines the foreign exchange rate?
In this video, it is interesting because he says that investors are what determines the exchange rate. This is because investors are buying and selling currencies all the time, which determines the exchange rate. He says, it is better to use a debit/credit card when going into a foreign county because you get better rates and more for your money.
As researching online, I found a interesting information relating the
American dollar to the Euro. I have been to Germany, so I have experienced the exchange rate back about 7 years ago.
The chart below compares the Euro to 1 American Dollar
Information from the graph:Monday, June 14=.816393 EUR
Monday, June 21 =.810438 EUR
Monday, June 28=.798021 EUR
Monday July 5= .798021 EUR
Monday July 12=.795418 EUR
Monday July 19=.771784 EUR
As seen by the chart, the Euro is not worth as much as it was on June 14th. The value dropped by about .044609 from June 14th to July 19th.
Average= .798832
High=.819807
Low= .769231
Click on this link Currency Converter to play around with different currencies.
As researching online, i came across an interesting video
What determines the foreign exchange rate?
In this video, it is interesting because he says that investors are what determines the exchange rate. This is because investors are buying and selling currencies all the time, which determines the exchange rate. He says, it is better to use a debit/credit card when going into a foreign county because you get better rates and more for your money.
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