View Full Version : Currency comparison
rbahgat
Jun 26, 2010, 01:34 PM
If we compare two countries economy like Egypt and Romania. Egypt economy is bigger and the total income is higher but the Lei (RON) is higher than the Egyption pounds.
Regards,
RB
Curlyben
Jun 26, 2010, 01:37 PM
Do you have a question ?
rbahgat
Jun 26, 2010, 01:40 PM
then Why 1 Lei =1.6 pound
Curlyben
Jun 26, 2010, 01:46 PM
That would be set by the markets.
rbahgat
Jun 26, 2010, 01:50 PM
Hi Curlyben,
Would you please explain more, what do you mean set by market. Is it because export and import. Or is it because natural resources or income in general or is it because the expensies of each country?
Curlyben
Jun 26, 2010, 01:56 PM
Foreign exchange market - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Currency_markets)
Good place to start.
rbahgat
Jun 26, 2010, 02:01 PM
Thanks a lot. It starts lighting now.