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Why there is difference between the value of currency of two different countries?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Why there is difference between the value of currency of two different countries?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

I think the economic and political stability in countries is the main factor that makes the difference between the value of the two currencies. I don't know what people think? moviedle

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

One of the major reasons for the difference in value of currency between two different countries is that one country may have a higher inflation rate than the other. This means that the currency in one country will be worth less as time goes on as opposed to another.

In order to understand why currencies move against each other and how we need to understand how currencies are actually valued but it takes time to cover this topic, if you're interested you can read about currency value.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

**DIFFERENCE BETWEEN THE VALUE OF CURRENCY OF TWO DIFFERENT COUNTRIES** Hi, The difference between the value of two currencies is due to the demand and supply of the currencies Other factors like economic and political stability in the countries Imports and exports of the country are the main factor which creates a difference between the value of two currencies. Some countries maintain their currency low to attract more exports Thanks

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