Forex or Money

[mnazeef786]

Hi,

i want ask a question about Currencies , what is the Basic calculation of the Currency rating system . my another question is that can anyone tell me the except rate of New Iraqi dinar on which it will be set out against US Dollor.

Thanks

Ziarian

[Loosehead]

Can you be more specific, do you mean how do you convert one currency to another? Ir do you mean how are the rates derived?

[SteveD]

1 US Dollar = 1,523.30 Iraqi Dinar
1 Iraqi Dinar (IQD) = 0.0006565 US Dollar (USD)

Median price = 1,401.00 / 1,523.30 (bid/ask)
Minimum price = 1,396.20 / 1,518.50
Maximum price = 1,401.00 / 1,523.30

I found this on Oanda:

http://www.oanda.com/convert/classic

This link will tell you about the new Iraqi Dinar:

http://www.oanda.com/site/currencies/new_iraqi_dinar.shtml

 

[mnazeef786]

Hi Loosehead ,

                      1st thanks for answering my question but again i want to ask how are the rates derived ? means what are the basic factor which effect on the Excepted rate of currencies for example security ,total debt ,foriegn reserves etc.

                          Thanks Again

                           Ziarian