Currencies and their value is decided by the guarantee the country that issues it provides. Lets get to the basic times where gold was the standard. One would just determine the value of currency by dividing the amount of gold by by the circulating currenciee and you would get the value. The more you divide the less its worth. Now as for your question, the difference or the value of 100 dollars to 102 francs is the stability of the economy. Dollars are pretty stable as most of the businesses operate from usa so its hard to imagine the fall of it. While take turkiah lira, the market instability could force its value to decrease thus while on the day you bought, its value was 100, but tomortow it halfs ita value
Latest Answers