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2 thoughts on “wholesale sterling harry potter jewelry How does the currency exchange rate from various countries come ... How does the country regulate ...”
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china fashion jewelry wholesale Reasons for exchange rates: The reason why currencies of various countries can be compared and can form mutual price comparison relationships because they all represent a certain value, which is the basis of the exchange rate. Under the gold -standard system, gold is the money. Currency units of two countries that implement the gold -based system can determine the price comparison between them based on their respective gold content, that is, the exchange rate. For example, when the gold coin -based system is implemented, the British stipulates that the weight of 1 pound is 123.27447 grid, and the color is 22 gold, which is 113.0016 in the gold. Hundred, that is, the gold content of 23.22 grid is pure gold. According to the comparison of the gold content of the two currencies, 1 pound = 4.8665 US dollars, the exchange rate fluctuates on the basis of this. Under the banknote system, the issuance of banknotes from various countries as a representative of metal currency, and referring to the past methods, the gold content of the stipulated banknotes is called the golden price of gold. However, banknotes cannot be exchanged for gold, so the legal gold content of banknotes is often virtual. Therefore, in countries that implement official exchange rates, the exchange rate is stipulated by the national monetary authorities (the Ministry of Finance, the Central Bank or the Foreign Exchange Management Authority), and all foreign exchange transactions must be carried out in accordance with this exchange rate. In countries that implement market exchange rates, the exchange rate changes with the supply and demand relationship of currencies in the foreign exchange market. The exchange rate has an impact on international revenue and expenditure, national income, etc. National regulating exchange rate: Because the dollar is the world currency, all countries basically exchange the currency with the US dollar as the benchmark. When the exchange rate of its own country needs to be regulated, it is on the international market to sell or purchase the country's currency. The purpose of the US dollar to adjust the exchange rate
top quality wholesale jewelry There were a few foreign exchange rate systems before. I have forgotten the name. Now we use the golden price of the tooth buying plus exchange rate system, and the banknotes issued by countries around the world (itself does not have gold content) to determine the exchange rate between countries. This so -called gold content is virtual.