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    rbahgat's Avatar
    rbahgat Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Jun 26, 2010, 01:34 PM
    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
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jun 26, 2010, 01:37 PM
    Do you have a question ?
    rbahgat's Avatar
    rbahgat Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Jun 26, 2010, 01:40 PM
    then Why 1 Lei =1.6 pound
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #4

    Jun 26, 2010, 01:46 PM
    That would be set by the markets.
    rbahgat's Avatar
    rbahgat Posts: 4, Reputation: 1
    New Member
    		  
    #5

    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's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #6

    Jun 26, 2010, 01:56 PM
    Foreign exchange market - Wikipedia, the free encyclopedia
    Good place to start.
    rbahgat's Avatar
    rbahgat Posts: 4, Reputation: 1
    New Member
    		  
    #7

    Jun 26, 2010, 02:01 PM
    Comment on Curlyben's post
    Thanks a lot. It starts lighting now.
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