what is the reason for the different money value for the currencies in every countries?
How to increase the money value for Indian rupee? for example (1 rupee = 1 US dollar)
Public Comments
- There is no reason for different countries' currencies to have the same unit value. I don't know why people keep expecting that but it's like expecting an apple to taste the same as a banana; or expecting two unrelated people to have the same shoe size. They are different things in different places with different origins and different histories. The fact that if you look at a currency exchange rate two unrelated currencies have different values, that means nothing and does not matter.
- The value of a currency in a country depend upon its GDP, Foreign reserves, and Gold reserves. thats why each and every country has its own money value
- i think that it's depends on the standard of each country.
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