If £1 is £1 how does the value of it change? It’s still 100p so shouldn’t there be a set conversion rate? I don’t understand how the VALUE of it changes.
In: Other
Let us say you have 100 usd and you want to purchase 10 gbp. These 10 gbp are actually no different than a loaf od bread or a usb charger. Today the price may be x but tomorrow it may be y. Also different vendors will charge a different price for the 10 gbp. It will not cost the same everywhere. It is mainly driven by supply and demand. There needs to be a seller (selling 10 gbp or selling a load of bread) for the transaction to happen. The question is: how much does the seller want?
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