RATES
To be able to buy something they must know the price ..
If you want to buy a car they must first know the price as well as any other commodity.
Before being a phone call they must know how much the price of this call as well as any other service.
So how can you know that the prices of goods and services?In other words, how would you rate price of goods and services?Answer: currency.
The purpose of currency is the valuation of goods and services.
Car is worth for example 35 000 SAR or $ 10,000, or 6500 pounds.
The phone call and $ 3.5 SR per minute or one dollar, or .70 pounds.
If the currency are determined by the prices of goods and services, What if we want to buy currency? How can we know the price?
Answer: in another currency.
If we say that the price of the U.S. dollar is 3.5 SR.
Any to get one dollar must be paid 3.5 SR.
Or we say that the price of the dollar is 120 yen.
Any to get one dollar must be paid 120 yen Japanese.
Thus, for each currency rate against any other currency.
That the price of any currency is the currency amount to be paid for another currency.
If you want to buy or sell the dollar against the currencies of the four principal must know the price of these currencies against the first.
If the price of the euro against the Atarho .90 or what can be expressed as the following EUR / USD = .90.
It means that you must pay 0.90 dollars (90 cents) for one euro.
If the price of the pound against the dollar is 1.5 or what can be expressed as: GBP / USD = 1.5.
It means that you must pay $ 1.5 for one pound.
To be able to buy something they must know the price ..
If you want to buy a car they must first know the price as well as any other commodity.
Before being a phone call they must know how much the price of this call as well as any other service.
So how can you know that the prices of goods and services?In other words, how would you rate price of goods and services?Answer: currency.
The purpose of currency is the valuation of goods and services.
Car is worth for example 35 000 SAR or $ 10,000, or 6500 pounds.
The phone call and $ 3.5 SR per minute or one dollar, or .70 pounds.
If the currency are determined by the prices of goods and services, What if we want to buy currency? How can we know the price?
Answer: in another currency.
If we say that the price of the U.S. dollar is 3.5 SR.
Any to get one dollar must be paid 3.5 SR.
Or we say that the price of the dollar is 120 yen.
Any to get one dollar must be paid 120 yen Japanese.
Thus, for each currency rate against any other currency.
That the price of any currency is the currency amount to be paid for another currency.
If you want to buy or sell the dollar against the currencies of the four principal must know the price of these currencies against the first.
If the price of the euro against the Atarho .90 or what can be expressed as the following EUR / USD = .90.
It means that you must pay 0.90 dollars (90 cents) for one euro.
If the price of the pound against the dollar is 1.5 or what can be expressed as: GBP / USD = 1.5.
It means that you must pay $ 1.5 for one pound.
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