pierre^^ SG Did anione watch dollar and sense? Zheng Ge Ping @ the last question won 1k, when convert to KWD (Kuwait currency), it become sing dollar 5k (1k Kuwait dollar=5K Sing dollar) so i did a check on yahoo currency Wah lao realli true. I thought Pound is the most expensive currency, then US dollar or EURO really stumpz
^tamago^ SG http://en.wikipedia.org/wiki/Highest_valued_currency_unit learnt before in economics. i also tio shocked when the person announced KWD. i'm like, "this guy is rich liao mens." my mum also tio shocked, but i tell her, yeah it's true. their highest valued note in circulation is 20 dinars.
newmanmback SG 1 sgd = approx 5 cny 1 sgd = approx 72 yen its not about comparing with pounds, euro or usd....u hav to look into the living standards there to effectively measure the size and value of any currency. fluctuations and inflation of currencies are shaped by many external factors. i dun know how much it costs for a loaf of bread or an AK-47 over at Kuwait mayb some 1 familiar with Kuwait can post some comments over here?
newmanmback SG popular currencies no matter how big or small they are can easily be traded or exchanged...this adds a 'value' to them which far surpasses the exchange rate...sure we all know 1:5 for kwd....1:5 for cny.... 1:72 for the yen but what is the rate of exchange (not exchange rate) for all those currency in the trading market? u go china..go us...go my...go hk...go taiwan u need some of the cash there right? well i go kuwait nah probably i will work there in the day and stay indoors at nite due to security reasons so no need to bring too much caash not safe anyway...use credit card if ever got the chance to go restaurant
^tamago^ SG nobody tried to see the other end of the scale? http://en.wikipedia.org/wiki/Least_valued_currency_unit currency is an interesting topic. it used to be backed by gold, but now it's really based on an intangible value which we all see. the paper is really worth how much we think it is worth nia.
fugue in C minor SG I've one question: Since US$ is not the highest valued, why are ppl still trading in US$ over the net?
fugue in C minor SG Ah, ppl are fond of keeping up appearances, rather than to realise the real value. Haiz, humans....
dcx SG What to do.....how many times do you see the US president on the TV and how many times do you see te Kuwait president... Most importantly, US has Hollywood.... Ppl knows Tom Cruise, Brad Pitt, Orlando Bloom, Jennifer Lopez, Diaz, Madonna, Spears, etc....made in US...
