Currency Exchange Services and Listings by Fuger Bank located in Trier, Eiffelland.V2

[Pelasgia]

For instance, country C, with currency CC, wants to buy radios. It can buy those radios from country A (with currency CA) or country B (with currency CB). Suppose that 1 CA = 4 CC and 1 CB = 2 CC; this implies that 1 CA = 2 CB. These currency exchange rates are stable with only minor changes during time. Now if country A can sell its radios for 20 CA and country B for 50 CB, the radios from country A will cost 80 CC and the radios from country B will cost 100 CC in country C. The result is, that the radios from country A are cheaper than the radios from country B, despite the fact that country A has a much higher exchange rate than country B.
There is only a problem for country A if the CA appreciates more than the radio companies of country A can reduce their export prices. So if within one year 1 CA becomes equal to 6 CC and 1 CB remains 2 CC, the radios from country A suddenly cost 120 CC instead of 80 CC, while the radios from country B still cost 100 CC.
And of course it could also be that the CB suddenly depreciates while the CA remains the same. If 1 CB suddenly becomes 1.5 CC, the radios from country B will cost 75 CC instead of 100 CC, while the radios from country A still cost 80 CC. But if country B has to import recources for building radios, these resources will also become more expenisive for country B, so on the longer term the prices of the radios of country B will increase. This means that a depreciating currency can only be advantageous on the long term if you don't have to import resources for your products.

However, originally I had a rate close to the USD, and it may be problematic to explain for a country of 50 million inhabitants without any colonies at present or in the recent past how it got such a high exchange rate. Therefore, I changed my original values so that my currency exchange rate becomes appproximately equal to 1 USD = 10 ELM. Now I just divide the current prices by 10, and I have my 1956 prices.

Today I got a lesson in economics

1 USD: 0.35 £
1oz Gold: 98.000 £
Currency: Pound Sterling (£)(Plural: Pounds)
Subunit: Pence (p)(Plural: Pence)
Central Bank: Bank of Aldwych



You've got that the wrong way, with 35 cents to the pound, rather than 35 pence to the dollar. The average exchange of GBP to USD in 1956 was $2.80.

My bad

 

[Kadikistani Union]

1 USD: 85.000 (₲);
Currency: Gurtat (₲), (Plural: Gurta);
Subunit: Zanar (Σ), (Plural: Zanari);
Central Bank: People's Bank of Kadikistan

 

[Holy Frankish Empire]

1 USD: 1.56
Currency: Livre (ℒ) Sometimes represented by simple L
Subunit: Sol (s)
Central Bank: Bank of Chagny

 

[Merioneth]

I was originally confused but I think I understand now so can I change it so $1 = Df 4.56

 

[Rheinbund]

Currently there are two currency exchange threads: This one and the one that is still set on sticky (

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). As a reference to the history, this thread was created because the first post of the old thread could not be modified any more.

What are we going to do with these threads?

By the way, I want to come back to the following post:

Eiffelland

1 USD = 10.06 ELM, where the period indicates a decimal point.

1 oz Gold = 352.04 ELM, where the period indicates a decimal point.

Currency: Eiffellander Mark (ELM)

Subunit: Pfennig (1 ELM = 100 Pfennige)

Central bank: Eiffelländische Nationalbank

Given this (

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) post by Pelasgia, I think that it is still common knowledge that the Eiffelland Mark is close to the RL US Dollar. Therefore, I think it would be better if I stick to that common knowledge. Given the fact that there were hardly any references to large sums of money between July last year and now, I think it is safe to presume that nobody took the rate 1 USD ≈ 10 ELM into account but everybody presumed the rate of the Eiffelland Mark to be 1 USD ≈ 1 ELM, I will go for that currency exchange rate. So this is my exchange rate:

1 USD = 1.006 ELM, where the period indicates a decimal point.

1 oz Gold = 35.204 ELM, where the period indicates a decimal point.

Currency: Eiffellander Mark (ELM)

Subunit: Pfennig (1 ELM = 100 Pfennige)

Central bank: Eiffelländische Nationalbank

 

[Winfrew]

How do you guys determine your currencies?

 

[Dalriada]

Hello I have been neglecting this thread.To make my life easier could you please send me PMs,saves me reading through the thread if /when get's bigger.

 

[Rheinbund]

I'd love to send you PMs, CYmru, but could you please make some room in your PM box?

 

[Dalriada]

Shit didn't even notice, I am going to empty whole thing so you lot can nag me when I am not paying any attention to the thread if I am too busy with RL stuff.

 

[Winfrew]

1 USD: 50.78
Currency: Frianas Escudo(FRE)
Sub-unit: Centavo (¢)
Central Bank: Central Treasury

 

[Montroulez]

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1 USD : 1.12 Lur
Currency: L[FONT=&amp]ur (Ł)[/FONT]
Subunits: solt, penny, kard (non-decimal currency, equivalent to shilling, penny, and farthing).
Central Bank: Serene Bank of Montroulez