bryan b asked:
How is the FX-exchange rate: CNY/dollar decided? Can CNY be traded by standard foreign exchange dealers in NY, Tokyo?
VENN
Other - Business Finance
Exchange Rate, Foreign Exchange Dealers, Fx Exchange
Sharp.Pencil asked: I know there’s the whole hard currency vs. weak currency issue. I can also understand how the sellers of these currencies earn money throught the black market trading.
But what is really confusing me is that why would anyone be willing to exchange up to or even more than double the official exchange rate in black market for a stronger currency (say wanting to buy USD with Zimbabwe dollars)? Why can’t they just exchange it at a cheaper exchange rate at the legal exchange places?
CURRY
Other - Business Finance
Earn Money, Exchange Rate, Rate Exchange
