Why is it the exchange rate of bahrain dinar is stronger than the Us dollar in our country???

0
Posted

Why is it the exchange rate of bahrain dinar is stronger than the Us dollar in our country???

0

The exchange rate of Dollars to Bahraini Dinar hasn’t changed for 5 years. A dinar isn’t a dollar, it’s just a denomination of their currency. If they traded in magic beans, and you could buy 1 magic bean for $100, does that mean the dollar is stronger or weaker than the magic bean? It just means that beans have a value that is equal to $100, but it doesn’t mean beans are a stronger “currency” if you’d asked about Euros, they traded par with the US dollar for a while, like the latter part of 2002, but since then, 1 US dollar buys about 0.75 Euros, but again, there is no hard and fast rule that would now say Euro’s are stronger, but the trend makes it appear that way. We’re now about where we were in 2005 regarding the Euro. If people sell dollars and buy euros the price of euros goes up. On August 20, the price of a Euro in US dollars was $1.3496 dollars to buy 1 Euro. In this case, it indicates that people are moving out of US dollars and into Euros. The exchange rate is about supply

Related Questions