[ELI5] Why is the exchange rate between two currencies not the same going both ways? Like why is the exchange rate of USD to GBP different from GBP to USD 580 viewsJanuary 3, 2024 Question90.64K May 29, 2020 0 Comments [ELI5] Why is the exchange rate between two currencies not the same going both ways? Like why is the exchange rate of USD to GBP different from GBP to USD In: Economics 6 Answers ActiveNewestOldest Anonymous Posted May 29, 2020 0 Comments If a dollar was worth 0.5 pesos, the peso is worth half as much as a dollar. If 0.5 pesos was worth one dollar, the dollar is worth double the peso You are viewing 1 out of 6 answers, click here to view all answers. Register or Login
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