Which is better: a higher or lower exchange rate between 2 currencies (e.g. 1$ to 40₱ or 1$ to 50₱), and why?
Nice question. Actually it is depend on who is asking and what the financial target. A. If you ask Personally: If you want $ and you have P, the rate of $/P smaller make you happier because you can exchange more $ with your P. If you want P and you have $, the rate of $/P smaller make you un-happier because you cannt exchange more $ with your P. B. If you are Business owner: If you are a company director, and you want to sell your product to USA country, Incase you can sell immediately, you will then […]Read more »