Ducks is right......he's a Swiss, who else knows more about money, lol...
the price of a currency against another is not an indicator to it's strength or weakness.
there is a better indicator for that, but it's not completely correct which is this:
you pick the highest number of a specific currency used and you compare it with the highest with the other, whichever worth more...
i.e. the highest Syrian currency number is 1000SYP, abd the US is 100USD, which is around 5000SYP, which means that the US ecconomy is stronger that the Syrians.
But as I said it's just an estimate quick indicator, and it's not always right, due to many many other issues in economies.
Ducks is right......he's a Swiss, who else knows more about money, lol...
the price of a currency against another is not an indicator to it's strength or weakness.
there is a better indicator for that, but it's not completely correct which is this:
you pick the highest number of a specific currency used and you compare it with the highest with the other, whichever worth more...
i.e. the highest Syrian currency number is 1000SYP, abd the US is 100USD, which is around 5000SYP, which means that the US ecconomy is stronger that the Syrians.
But as I said it's just an estimate quick indicator, and it's not always right, due to many many other issues in economies.