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-   -   Currency comparison (https://www.askmehelpdesk.com/showthread.php?t=482945)

  • Jun 26, 2010, 01:34 PM
    rbahgat
    Currency comparison
    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
  • Jun 26, 2010, 01:37 PM
    Curlyben
    Do you have a question ?
  • Jun 26, 2010, 01:40 PM
    rbahgat
    then Why 1 Lei =1.6 pound
  • Jun 26, 2010, 01:46 PM
    Curlyben
    That would be set by the markets.
  • Jun 26, 2010, 01:50 PM
    rbahgat
    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?
  • Jun 26, 2010, 01:56 PM
    Curlyben
    Foreign exchange market - Wikipedia, the free encyclopedia
    Good place to start.
  • Jun 26, 2010, 02:01 PM
    rbahgat
    Comment on Curlyben's post
    Thanks a lot. It starts lighting now.

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