wizbangs
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Because of the enormous amount of debt we have (the deficit). What is the deficit? It is us borrowing money from other countries to pay for stuff that the government is wasting money on. Think of it as a credit card with no cap on it. The greater in debt we become (the more obligated to others to pay down debt) the weaker our currency becomes. |
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TT_____TT D a n g o :( +*+*+*+
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Britain used to be very...um it had a large empire? dunno lol. Because...Gah I'm hungry.... |
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Sami V
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America has more trade deficit than Europe and many other places. |
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PokeYoMoms
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Um, actually, we've been borrowing from Japan or China, whichever, for quite some time now. we're in debt up to our eye balls. The Dollar is starting to lose it's value because other up and coming nations want their crack at the economy so their switching to the euro standard, which in turn will give the U.S. dollar less value. I don't think it will hurt us because they will be exporting from us this time because it would be cheaper to do so.
we can't be on top forever!!!
Oh, and you can thank Bush for appropriating, what was it, 80 Billion dollars into that money pit he calls a war!!!!!!! |
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pepper
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It's a market and the rates will vary. The British Pound maintains a level of greater value - the Euro does not. There are political factors, economic factors .. current events. Supply and demand!
http://en.wikipedia.org/wiki/Money_supply
http://www.gocurrency.com/forex-news/?cat=12
http://www.populistamerica.com/dollar_s_skid_puts_a_glow_on_the_euro
http://finance.google.com/finance?cid=8460793&morenews=10&rating=1&newsbefore=2007-04-21
http://www.nbs.sk/MP/MS0701/MS_06_2.HTM
http://en.wikipedia.org/wiki/Foreign_exchange_market |
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jonah
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They are merely arbitrary unitary measurements of value, that's all.
You could start afresh tomorrow with every 10 dollars today being worth 1 dollar tomorrow.
That would mean every pound today (worth 2 dollars) would be worth 20 cents tomorrow.
Look at general comparative costs/wages between USA/UK and you'll understand.
It's swings and roundabouts anyway - the cheaper it is for a country to buy (import), the more expensive it is for that country to sell (export). |
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Underground Man
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Because we have the biggest debts in the world to go with that. |
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acierinox
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cos they are wealthier than usa |
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jerry p
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Because its more expensive in Europe. Gas is $7 a galon.
Can't wait till we're at $4 this summer. |
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Barkley Hound
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They are not worth more or less. You are looking at exchange rates which have no meaning. You have to look at prices. What does a Big Mac cost in Europe compared to the US?
One pound may be worth more but you work twice as long to earn it. |
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hard_n_tender26
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Cause EU rocks baby! Hehawwwww ! God bless Europe, the craddle of civilization! |
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violatordepeche
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Why shouldnt it?
Maybe since you know what... torism has slowed somewhat so it has a knock on effect? |
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à®â™¥P u S s y CaT♥à®â™¥is a mummy!!!
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hahahaha , we are the best ! i guess that it is bcz UK is more powerful :D |
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I see you
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We might have the biggest economy, but guess who owns all the banks? |
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love2travel
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I don't think the economists who might be able to explain are spending their time on Answers, waiting to answer your question. LOL! |
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