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Value of Foreign Coins in US Currency

The value of currency fluctuates from day to day, depending upon current world events. The remainder between the Euro and the U.S. Dollar, for exemplar, could change by angstrom much as 20 percentage in a few short months. When traveling to other parts of the earth, consequently, it is important to keep abreast of these changes.

European Currency

In 2010, the Euro was the basic monetary unit for sixteen european countries, namely Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. During 2009, the Euro ranged in rate from a broken of $ 1.28 to a senior high school of $ 1.49. Countries within the European Union who do not use the Euro include Bulgaria, Czech Republic, Denmark, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Sweden and the United Kingdom. Exchange rates for these countries range from less than one-half a U.S. cent for a hungarian Forint, to a high of $ 1.55 for a british Pound.

Asian Currency

The Department of the Treasury ‘s currency change rates for June of 2010 shows that a U.S. dollar is worth closely 47 Afghani, Afghanistan ‘s monetary unit. A dollar buys 69 Bangladesh Taka, while in China, the like dollar will buy 6.78 Renminbi. The unit of measurement of currency in Mongolia is the Tugrik. It takes over 1,383 Tugriks to buy one U.S. dollar. In India, approximately 46 Rupees make up a dollar while in Japan, the hankering is worth a little over one U.S. penny.

African Coins

The currencies of Niger, Cote D’Ivoire ( Ivory Coast ), the central African Republic and Chad, among others, have equal respect. This is because they all use the central African Franc, a currentness based on the old french colonial system. The currency exchange is 532 CFA Francs to the U.S. dollar. Egypt uses the irish pound. There are about 5.7 egyptian Pounds to every U.S. dollar. At the other end of the continent, the south african Rand is the basic monetary unit. A dollar will buy approximately 7.62 Rands.

Currencies of America and Oceania

Canada ‘s dollar holds a relatively equal respect to the currency of the United States. A U.S. dollar is worth about 1.05 canadian dollars, while a mexican Peso is worth less than 8 U.S. cents. Brazil ‘s Real is worth about 55 U.S. cents, while Venezuela ‘s New Bolivar is equivalent to 38 U.S. cents. Half way around the world, Australia ‘s dollar would earn $ 1.16. in the United States. New Zealand ‘s dollar fares even better, at about $ 1.44. as of June 2010.

Considerations

The topple of a government or a switch over from a monarchy to democracy sometimes precipitates a change in currency. additionally, as more countries join the european Economic Community, monetary units will likely change. respective countries are current candidates for EEU membership, and some members who are not presently using the Euro may adopt it in the future. african nations, a well, may someday adopt a system like to the European Community. If such a change occurs, it may prompt a fault in the current monetary mentality.

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Category : Economy

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