| Currency Exchange Question?

Currency Exchange Question?

TheRaven asked:


I am a little confused with an aspect of foreign currency trading. Today, for 1 US Dollar you would get roughly .50 cents in British currency and for 1 British Pound, you could get almost 2 Dollars US. Does this mean that if the British were to come here, they would actually be making money? Because when I looked at it from another viewpoint, it seems to me that people don’t really make money, as in the case with the British coming to the US), but that objects are of the same value, just different currency. How does that work?

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Filed Under Economics | 1 Comment

Tagged With 50 Cents, Different Currency, Foreign Currency Trading

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