What economic impacts (good & bad) would the world encounter if the entire planet operated under one form of currency?
Several (long-shot) assumptions have to be considered… so PLEASE READ before answering:
1. All countries are allies/neutral amongst each other. So no rogue nations or crazy-dictators who oppose the world currency. In other words, all nations have stable governments (doesn’t just have to be a democracy – just STABLE).
2. Anti-counterfeiting methods are optimal. This form of currency is 100% counterfeit-proof.
3. The currency is NOT backed by gold any other type of precious metal.
4. All forms of existing currency, such as the dollar, pound, yen, etc are obsolete. Of course persons who owned such had them converted to the new currency fairly.
5. A multi-international "Federal Reserve" monitors the production of the new currency where 12-nation-districts print the currency. This organization operates similar to the Fed in the US.
Extra tags:
world under one currency,what would happen global currency,what would happen if the world was under one government,one form of currency,what would happen if the world currency changed,what would happen if world currency,what would happen if the world went under one currency,what would happen if the us dollar lost all value,what would happen if the world was on one currency,what would happen if the world switched to one currency,what would happen if the us dollar was no longer the world curency,what would happen if the world had one curreny,what would happen if the world had one currency,what would happen if the world had only 1 currency,what would happen one world currency,what would happen to America if the world currency was changed,what would happen if world currency changed from dollar,why doesn\t the world have only one form of currency?,when will the one world currency happen,what would happen with one world currency?
I am going to be 18 in 6 days and I want to become a forex trader for my favourite currency pair; GBP/USD. I already have an ordinary forex trading practice account with leverage and stop-orders and take-profits and things. I have also looked into other options such as using CFDs (Contracts for Differences) to trade the currency pair with. I feel that using CFDs would be more interesting than using normal forex trading, and I could trade stocks with them at the same time as well. What would you suggest out of the two here? Would I be more liquid using ordinary forex trading than using CFDs? Which is better would you say?
i am asking about the comparison between the great british pound and the euro. i never asked about the american dollar…. is the british pound the same thing as the euro or something? or worth the exact same?
Extra tags:
which currency is worth the most,Which currency is worth more,which currency is worth more than the euro,is the euro more valuable than the pound,which currency is worth more euro,Which currency is worth the most?,pound is more valuable than euro,pounds is more valuable than euro,which is worth more euro or pound?,whats worth more pounds or euros,what\s worth more british pound or euro,which currency is worth more than a pound,which currency is worth more poubd or euro,which currency is worth more euros or sterling?,what\s worth more pounds or euros,what\s worth more the pound or the euro,whats more euros or pounds?,which currency is more valuable than EURO,whats worths more british pound or euros,whats the most pound has been worth to euro
Hi,
Im wondering whether the cross pair currency rates are determined by speculative traders or arbitrage trading computers. For example you have two liquid pairs:
EUR/USD
USD/CAD
and a cross rate
EUR/CAD
I figure, since most of the speculative trading is done on EUR/USD and USD/CAD, the EUR/CAD exchange rate is made by arbitrage traders adjusting the correct cross rate so there is no cross currency arbitrage. That means there are a lot less speculative trades on the EUR/CAD pair than on the EUR/USD for example, percentage wise that is, right? Given that, trading on the cross rate is alot harder, since the market psychology is made up of less traders and more arb, right?
I am 18 years old and I have been looking into two options of becoming reasonably rich in a short time. My first option is to become a trader in the financial markets using possibly spot-forex, options, CFDs or spread betting and my second option is to start a web company and steer it to the top and gradually build it into a company worth at least a few hundred thosand pounds, or at least a company that makes a few hundred thousand a year. What would you say is my best option out of the two to do this that could get me this rich within, say, 5 years time? What has a better chance of me succeeding and prospering? Please help and advise me here as I deperately need your help. Thanks.
Extra tags:
our dallar is at 79.00 when foreign investment comes to the country and stronger currency is exchanged does it buy more goods. For instance say i live in japan and i go to a exchange bank to exchange my currency the yen for dallar, i would get back less right. How does that work.
Extra tags:
I am a little confused. I thought the idea was to buy one currency with another. Suppose I buy EUR/USD (I have USD and want EUR). Do I have some amount of Euros? Can I then buy Yen with my Euros? Or do I have to sell my Euros back for US dollars, then buy Yen with US dollars?
If the Euro appreciates versus the dollar, what does that mean about the value of the dollar? Is it cheaper or more expensive to have a vacation in countries using the Euro?
(The Euro is the currency used in many European countries)
Extra tags:
I am looking into the FOREX market? I am trying to learn how to read a currency pair. Help!
Extra tags:
Why one has to pay ` 63 for one Euro more than ` 44 for one US dollar when the US currency is more popular in the world? Please explain.
Next month I will be flying to Spain and 2 months later to France for a few weeks. Now, I am unsure whether to buy the Euro currency in UK, or take my Debit card with me to withdraw cash on the continent, buy travellers cheques and cash them in abroad or even go to the Post Office and buy a bulk of cash for a special exchange rate. Any ideas or suggestions?
Extra tags:
cheapest way to buy sterling,is is best to buy pounds or euro,take sterling to spain,should I take sterling or euros to spain,should i take pound sterling or euro to spain,purchasing euros with sterling monthly,nevillewebster@btinternet com,is there a card that alludes to buy euros on holiday,is it good to buy sterling now?,£13 m euro in sterling,the cheapest way to buy sterling,things to know when buying pound sterling,why is pound sterling weak,where is it best to buy euros?,when is best to get euro currency,what is the best buy of pound sterling from €,what is the best buy euro or pound,WHAT IS CURRENCY EXCHANGE RATE FOR ME TO BUY EUROS AGAINST STERLING,what is best to buy euro or pound,what has been best euro to pound
Hello.
Does somebody know how much does the bid and ask prices and the spread increase during a trend, whether uptrend or downtrend.
Is just that my timezone avoids me from seeing the BIG movements, and I think they increase tremendously.
Please, just give an idea. Maybe you saw a trend and saw the bid/ask price for the EURUSD increase from 1.0369/67 to 1.0312/17 in a trend.
Any contributions are highly appreciated. If you remember, please include the currency pair and an aproximate date.
Thanks to you all out there!
Everyone talks about how the Forex market is open 24-hours, but then what are these "sessions" about? For instance, the New York "session" is only open from 8:00 am to 5:00 pm EST.
Does that mean that you can only enter/exit a trade with a currency pair involving USD during THOSE hours? What I mean is, can you buy/sell EUR/USD or USD/EUR at ANY time during the day, or only when the New York and London sessions are BOTH open?
Extra tags:
As in the Euro, the Dollar, Yen or is it the euro, the dollar, yen? Are there any exceptions as in it takes a capital if you’re talking about the currency but lower case if you’re talking about an amount (e.g., The Euro but several billion euro).
Thanks!
Extra tags:
Euro capital letter,Euros capital letter,currency capital letter,euro with capital letter,Euro capital letter or not,euro capital letter?,currencies capital letters,capital letters for currencies,euros capital letters,dollar capital letter,currencies capital letter,do currencies have capital letters,euros with capital letter,currencies in capital letters,capital letters currencies,currencies with capital letter,capital letter currency,does currency need a capital letter,capital letter for currencies,euro with capital letter?
What factors make both loose value against the US dollar so rapidly?
Is the U$S increasingly getting strong or is this just another phase for unstable currency markets?
Extra tags:
why is the swiss franc so strong,what is happening to the swiss franc,why swiss franc so strong,what is happening to swiss franc,whats happening to the swiss frank,whats happening with swiss franc,what is happening with the swiss franc,what is happening with Swiss franc,whats happening to the swiss franc,whats happening to the yen,SWISS FRANC,why is the swiss frank so strong?,why is swiss franc so expensive,whats make the swissfrank is strong,why is the swiss franc so strong against the pound,whats happening with the swiss franc,what\s happening to the swiss franc,why is the swiss so strong,why is the swiss frank so expensive,why is swiss franc so stable