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Topic : The Dollar in Forex Trading
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Trading in Forex

 

Strongest Currency

Created by : Rajender Sharma, Senior Consultant, Softwell  | 02 22 2009 17:56:46 +0000
Industry : Currency Functional Area : Performance(Corporate Finance)
Keywords : strongest currency
Activity:  285 views;  last activity : 07 06 2010 20:18:09 +0000

Is Dollar really the strongest currency?

  
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First of all, how to decide the strength of a currency ? If we convert the currency into Rupees value, 1 dollar will be approximately Rs.48 where are 1 Kuwaitian Dinar is Rs. 125. In this case, how to say Dollar is strongest ?
By Neelima Pandey, PR & Media Relations Manager, Group M  07 30 2009 08:44:10 +0000
Arguments in: "Strongest Currency"
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Though euro might be popular in europe but the easily converible currency for other nations is dollar and that gives it edge over dollar.
By Prashant Kadam, Trading Advisor, ICICI Securities  | 02 22 2009 18:00:01 +0000
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The currency has proved itself in the past years by rling the market throughout the world. It is the most circulated currency and hence that makes it the most popular currency.
By Rajender Sharma, Senior Consultant, Softwell  | 02 22 2009 17:56:46 +0000
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All the nations have accepted "dollar" universaly, and hence it has more strength though the value of the currency like "Dinar" is higher side. After withdrawal of the terms and conditions governing valuation difference,than the value of all the currencies will be equlaised.After equalisation of the value of all the currencies,than strength of all the currencies will be equal. Difference of values & strength is creation of man. Now is the time we have follow the internaional equality.

Regarding strength of a specific currency, I may say that the currency which is acceptable universally in the entire globe, is having higher strength.

 
By Sambhunath Tiadi, Freelancer, Freelancer  | 09 01 2009 17:31:29 +0000
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In my opinion euro is much popular then dollar, in whole of Europe euro is the currency that is floated and that laso make it popular.
By Prakash Dandekar, Credit/Control Manager, Citibank  | 02 22 2009 17:58:36 +0000
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