Why are the currency values in diff. countries different? 1. Political Conditions in the Country - This includes the stability of the government, the amount of corruption, bribery and the degree of law and order. Also includes a countrys relationships with other countries and especially their relationship to US, UK, China and Russia. The form of government in the country is also a factor used to assess the value of a currency. Consider the widely varying forms of government in Saudi Arabia, China, UK, Venezuela and Thailand, just to name a few. 2. Economic Situation - This includes factors such as jobs, unemployment, work ethic, infrastructure, inflation and direction of the economy. Is it older or newer in orientation; computers and high tech, or more farming and manufacturing. 3. Perception from Outside - The perceptions and attitudes of other countries toward a country are as important as the reality of the countrys actual situation. News, media, movies, newspapers, rumors and spin can create perceptions. How much is known about a country? The less that is known, generally, the lower the value of a currency. 4. Demographics - A young population may mean better prospects for the future, people who are more open to change and development and a growing size of the workforce. The overall population of a country is a factor. How much weight does this country have on the world scene. 5. National Leaders - The openness, trustworthiness and likeability of visible leaders is a factor. This includes political leaders, sports figures, business owners and celebrities. Here are some national figures who affect their countries, either for better or for worse. Kim Jung Il, David Beckham, Nicole Kidman, Madonna, Osama bin Laden, Barack Obama and Vladimir Putin. These help form the worlds perception of a country. 6. Isolation versus Openness - Continuum China is becoming more open, more transparent. This helps. Cuba is very closed and isolated. Venezuela is becoming more isolated by some of its recent actions. Chinas markets are becoming more open. Cuba, Kyrgyzstan, Russia and Japan, all have differing levels of openness with the outside world, which affects the value of their currency. 7. Natural Resources - The kind of and amount of exploitation of a countrys natural resources certainly helps create a perception of value, or lack thereof, of a countrys currency. Mining of minerals, forests, oil, fish and other resources are considered. Also the level of technology to development these resources. 8. Weather Factors such as drought, tsunamis, earthquake and floods are taken into consideration. How frequent are they and how is the countrys response to them. These also affect desirability, safety and perception of a country. Is it a tourist destination? 9. War and Conflicts - With which other country is a country at war, and who is it’s allies? Their military strength and technology, their willingness to go to war and for what, are important factors in assessing a countrys strength, stability and the value of its currency. 10 . Education - This includes languages spoken, level of computer know-how, Internet connectedness, culture and religion. Scientists, entrepreneurs, authors and inventors are all affected by the type and quality of education in a country. Currency code ▲▼ Currency name ▲▼ Units per INR INR per Unit USD US Dollar 0.0158536798 63.0768386504 EUR Euro 0.0129086464 77.4674564385 GBP British Pound 0.0101264220 98.7515626842 INR Indian Rupee 1.0000000000 1.0000000000 AUD Australian Dollar 0.0193647215 51.6402986407 CAD Canadian Dollar 0.0183441826 54.5131947459 SGD Singapore Dollar 0.0208296220 48.0085524692 CHF Swiss Franc 0.0155477049 64.3181746545 MYR Malaysian Ringgit 0.0551145247 18.1440374515 JPY Japanese Yen 1.8912849610 0.5287410521 CNY Chinese Yuan Renminbi 0.0986951784 10.1322072276 NZD New Zealand Dollar 0.0203511098 49.1373694150 THB Thai Baht 0.5208727016 1.9198548838 HUF Hungarian Forint 4.0598212831 0.2463162613 AED Emirati Dirham 0.0582313584 17.1728777584 HKD Hong Kong Dollar 0.1229239640 8.1351102524 MXN Mexican Peso 0.2309346647 4.3302290768 ZAR South African Rand 0.1830867488 5.4618917360 PHP Philippine Peso 0.7098564379 1.4087355507 SEK Swedish Krona 0.1218064612 8.2097451149 IDR Indonesian Rupiah 198.6284025004 0.0050345267 SAR Saudi Arabian Riyal 0.0595147138 16.8025675680 BRL Brazilian Real 0.0422143858 23.6886071356 TRY Turkish Lira 0.0368462945 27.1397711251 KES Kenyan Shilling 1.4331726742 0.6977526282 KRW South Korean Won 17.4761217360 0.0572209335 EGP Egyptian Pound 0.1133538118 8.8219353579 IQD Iraqi Dinar 18.7866105112 0.0532293997 NOK Norwegian Krone 0.1171643257 8.5350211685 KWD Kuwaiti Dinar 0.0046372013 215.6473116252 RUB Russian Ruble 0.9606854341 1.0409234537 DKK Danish Krone 0.0960481371 10.4114460749 PKR Pakistani Rupee 1.5917094717 0.6282553555 ILS Israeli Shekel 0.0624409198 16.0151388317 PLN Polish Zloty 0.0548849830 18.2199199975 QAR Qatari Riyal 0.0577311748 17.3216637788 XAU Gold Ounce 0.0000132383 75538.6313093956 OMR Omani Rial 0.0061036666 163.8359486047 COP Colombian Peso 36.7551695987 0.0272070572 CLP Chilean Peso 9.7340006787 0.1027326824 TWD Taiwan New Dollar 0.4990421314 2.0038388287 ARS Argentine Peso 0.1355489649 7.3774078647 CZK Czech Koruna 0.3562018002 2.8073973785 VND Vietnamese Dong 338.7931363912 0.0029516537 MAD Moroccan Dirham 0.1420532487 7.0396137322 JOD Jordanian Dinar 0.0112481860 88.9032238706 BHD Bahraini Dinar 0.0059771543 167.3036938368 XOF CFA Franc 8.4675169440 0.1180983760 LKR Sri Lankan Rupee 2.0807478121 0.4805964443 UAH Ukrainian Hryvnia 0.2499808168 4.0003069542 NGN Nigerian Naira 2.8453391743 0.3514519496 TND Tunisian Dinar 0.0295433322 33.8485852872 UGX Ugandan Shilling 43.9939613236 0.0227303923 RON Romanian New Leu 0.0577786240 17.3074388343 BDT Bangladeshi Taka 1.2239040288 0.8170575278 PEN Peruvian Nuevo Sol 0.0466732333 21.4255565651 GEL Georgian Lari 0.0300868756 33.2370836362 XAF Central African CFA Franc BEAC 8.4675169440 0.1180983760 FJD Fijian Dollar 0.0306879691 32.5860599243 VEF Venezuelan Bolivar 0.0998781825 10.0121966112 BYR Belarusian Ruble 172.6465725456 0.0057921799 HRK Croatian Kuna 0.0989911475 10.1019134020 UZS Uzbekistani Som 38.2698782317 0.0261302112 BGN Bulgarian Lev 0.0252454303 39.6111291524 DZD Algerian Dinar 1.3591360187 0.7357615325 IRR Iranian Rial 428.1761828570 0.0023354872 DOP Dominican Peso 0.6928058174 1.4434058936 ISK Icelandic Krona 2.0015250677 0.4996190236 XAG Silver Ounce 0.0009962221 1003.7922649418 CRC Costa Rican Colon 8.3580601610 0.1196449871 SYP Syrian Pound 2.8100647368 0.3558636877 LYD Libyan Dinar 0.0208475889 47.9671776809 JMD Jamaican Dollar 1.8057341484 0.5537913767 MUR Mauritian Rupee 0.4993909123 2.0024393222 GHS Ghanaian Cedi 0.0509695791 19.6195459827 AOA Angolan Kwanza 1.6201576202 0.6172238969 UYU Uruguayan Peso 0.3852444060 2.5957547585 AFN Afghan Afghani 0.9123792579 1.0960354385 LBP Lebanese Pound 23.9707637915 0.0417174859 XPF CFP Franc 1.5404112608 0.6491772850 TTD Trinidadian Dollar 0.1005915947 9.9411884533 LTL Lithuanian Litas 0.0445709742 22.4361261696 TZS Tanzanian Shilling 27.0305239844 0.0369952133 ALL Albanian Lek 1.8031975355 0.5545704119 XCD East Caribbean Dollar 0.0428049354 23.3617920694 GTQ Guatemalan Quetzal 0.1206544275 8.2881334761 NPR Nepalese Rupee 1.6283314333 0.6141255887 BOB Bolivian Boliviano 0.1087562452 9.1948742599 ZWD Zimbabwean Dollar 5.7374467038 0.1742935580 BBD Barbadian or Bajan Dollar 0.0317073595 31.5384193252 CUC Cuban Convertible Peso 0.0158536798 63.0768386504 LAK Lao or Laotian Kip 127.9867566723 0.0078133084 BND Bruneian Dollar 0.0208296220 48.0085524692 BWP Botswana Pula 0.1506236200 6.6390649753 HNL Honduran Lempira 0.3334821513 2.9986612364 PYG Paraguayan Guarani 73.5610740690 0.0135941463 ETB Ethiopian Birr 0.3197845366 3.1271055529 NAD Namibian Dollar 0.1830867488 5.4618917360 PGK Papua New Guinean Kina 0.0416653882 24.0007363996 SDG Sudanese Pound 0.0900488983 11.1050775628 MOP Macau Pataca 0.1266116829 7.8981652936 NIO Nicaraguan Cordoba 0.4210055516 2.3752655900 BMD Bermudian Dollar 0.0158536798 63.0768386504 KZT Kazakhstani Tenge 2.8861624480 0.3464808437 PAB Panamanian Balboa 0.0158536798 63.0768386504 BAM Bosnian Convertible Marka 0.0252471178 39.6084815339 GYD Guyanese Dollar 3.2214676781 0.3104175177 YER Yemeni Rial 3.4053704600 0.2936538070 MGA Malagasy Ariary 40.7439569736 0.0245435170 KYD Caymanian Dollar 0.0132094641 75.7032984388 MZN Mozambican Metical 0.5358543637 1.8661787004 RSD Serbian Dinar 1.5765644398 0.6342905972 SCR Seychellois Rupee 0.2215551806 4.5135482596 AMD Armenian Dram 7.4786565256 0.1337138558 SBD Solomon Islander Dollar 0.1190632643 8.3988962175 AZN Azerbaijani New Manat 0.0124482964 80.3322774006 SLL Sierra Leonean Leone 67.0610653690 0.0149117822 TOP Tongan Paanga 0.0307599530 32.5098026404 BZD Belizean Dollar 0.0313855293 31.8618172596 MWK Malawian Kwacha 7.3965340968 0.1351984574 GMD Gambian Dalasi 0.6753667334 1.4806770167 BIF Burundian Franc 24.4780815437 0.0408528748 SOS Somali Shilling 13.0787593788 0.0764598515 HTG Haitian Gourde 0.7292692688 1.3712356228 GNF Guinean Franc 111.0550266926 0.0090045451 MVR Maldivian Rufiyaa 0.2417686163 4.1361861410 MNT Mongolian Tughrik 29.8049179418 0.0335515099 CDF Congolese Franc 14.4744096175 0.0690874465 STD Sao Tomean Dobra 316.5187163337 0.0031593708 TJS Tajikistani Somoni 0.0813308850 12.2954520967 KPW North Korean Won 2.0936923107 0.4776251004 MMK Burmese Kyat 16.2341680704 0.0615984752 LSL Basotho Loti 0.1830867488 5.4618917360 LRD Liberian Dollar 1.4664641310 0.6819123488 KGS Kyrgyzstani Som 0.9131720124 1.0950839343 GIP Gibraltar Pound 0.0101264220 98.7515626842 XPT Platinum Ounce 0.0000131991 75762.8891314748 MDL Moldovan Leu 0.2465247232 4.0563882879 CUP Cuban Peso 0.4201225135 2.3802580623 KHR Cambodian Riel 64.2866714116 0.0155553240 MKD Macedonian Denar 0.7939523112 1.2595214925 VUV Ni-Vanuatu Vatu 1.5845752433 0.6310839477 MRO Mauritanian Ouguiya 4.5817134496 0.2182589573 ANG Dutch Guilder 0.0280578416 35.6406602514 SZL Swazi Lilangeni 0.1830867488 5.4618917360 CVE Cape Verdean Escudo 1.3837091498 0.7226952284 SRD Surinamese Dollar 0.0515244592 19.4082580463 XPD Palladium Ounce 0.0000199904 50023.9006221810 SVC Salvadoran Colon 0.1387196979 7.2087815600 BSD Bahamian Dollar 0.0158536798 63.0768386504 XDR IMF Special Drawing Rights 0.0108954414 91.7815045069 RWF Rwandan Franc 10.8597706330 0.0920829761 AWG Aruban or Dutch Guilder 0.0283780868 35.2384573466 DJF Djiboutian Franc 2.8223513386 0.3543144988 BTN Bhutanese Ngultrum 1.0000000000 1.0000000000 KMF Comoran Franc 6.3506377080 0.1574645014 WST Samoan Tala 0.0396441115 25.2244271056 SPL Seborgan Luigino 0.0026422800 378.4610319022 ERN Eritrean Nakfa 0.1659879815 6.0245325671 FKP Falkland Island Pound 0.0101264220 98.7515626842 SHP Saint Helenian Pound 0.0101264220 98.7515626842 JEP Jersey Pound 0.0101264220 98.7515626842 TMT Turkmenistani Manat 0.0451829873 22.1322240878 TVD Tuvaluan Dollar 0.0193647215 51.6402986407 IMP Isle of Man Pound 0.0101264220 98.7515626842 GGP Guernsey Pound 0.0101264220 98.7515626842
Posted on: Fri, 19 Dec 2014 05:22:04 +0000
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