cyberdroid_2000
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Gold is what backs monetary currency..☺ |
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Niall O
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relative demand. Gold has nothing to do with it anymore. The commodity that has the gretaes influence, I think, would be oil. The US dollar is supported hugely by the trading of oil in dollar terms, and one of the reasons old Saddam was santioned was because he had the audacity to attempt to specify he wanted his oil paid for in another currency! |
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wheelsteerer
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2Pac76 the strength of a countries currency is determined by the amount of gold reserves held in it's central bank i.e. the Bank of England. |
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old know all
|
confidence, supply and demand |
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Omgitshim1
|
Supply and demand. The price of most things are influenced by supply and demand.
The supply or demand can be artificially manipulated, to give the illusion of strength or weakness.
Short term interest rates on government debt can affect the strength of a currency, as can the perceived likelihood (or confidence) in the government.
I guess we should believe that relative to the US and South Africa the interest rates and confidence is quite high in Sterling. The Euro has been pretty stable for some time now in comparison to Sterling. |
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5yellowchips
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levels of supply and demand.
These are influanced by:
interest rates (people save @ the best rate & so demand the currency)
Tax, business moves 2 areas of low tax & demand goods & services denominated in local currency.
Politics, weather a gov is likely 2 try + protect currency
trade
tourism
fdi
ect |
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JazzyCake
|
The total average expenditure of that country...? |
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kage_ronin
|
in the past, gold backed up the country's currency. that is why until now, japan's yen is not as strong even with the exports it has, since it has no gold, no agriculture, therefor is dependent as well on imports. a good balance of trade will also determine this. trade deficit will lead to lower currency, just for facts, america is in trade deficit with china worth over $250b a year |
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grimlock_grimlock
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Referees? |
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JAM123
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Your gold reserves, when you print more money you need also to deposit more gold otherwise your money is devalued.!!! |
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Googlypants
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Gold!
Gold!
And, erm, Gold!
Gold will always be, Gold!
Money is just paper no matter how strong the currency is. |
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Sandeep K
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da indebtedness n creditworthiness of a country detrmins its currncy's value |
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turtle_bounce
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The amount of money that is being produced. The more that is produce the lower the value is. |
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