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The first currency (XXX) is the base currency that is quoted relative to the second currency (YYY), called the counter currency (or quote currency). For instance, the quotation EURUSD (EUR/USD) 1.5465 is the price of the Euro expressed in US dollars, meaning 1 euro = 1.5465 dollars.
There was a further decline during the remainder of 2008, most dramatically on 29 December when its euro rate hit an all-time low at €1.0219, while its US dollar rate depreciated. [ 120 ] [ 121 ] Sterling appreciated in early 2009, reaching a peak against the euro of £1 to €1.17 in mid-July.
Report date Earnings (billion) USD inflation to June 2011 USD real earnings (billion) 1: Fannie Mae: Government-sponsored enterprise Public company United States: 2013: 1Q: 9 May 2013: $58.7 [53] 0%: $58.7 2 Berkshire Hathaway: Conglomerate United States: 2020 2Q 8 Aug 2020 $35.7 [54] 0% $35.7 3 Apple: Consumer electronics United States: 2020 ...
The Marteau Early 18th-Century Currency Converter A Platform of Research in Economic History. Historical Currency Conversion Page by Harold Marcuse. Focuses on converting German marks to US dollars since 1871 and inflating them to values today, but has much additional information on the history of currency exchange. Gold in US Geological Survey
Sir Isaac Newton (25 December 1642 – 20 March 1726/27 [a]) was an English polymath active as a mathematician, physicist, astronomer, alchemist, theologian, and author who was described in his time as a natural philosopher. [5]
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
Money serves three purposes: a store of value, a medium of exchange, and a unit of account. [102] According to The Economist in 2014, bitcoin functions best as a medium of exchange. [102] In 2015, The Economist noted that bitcoins had three qualities useful in a currency: they are "hard to earn, limited in supply and easy to verify". [103]
The second issue quickly became nearly worthless—but it was redeemed by the new federal government in 1791 at 100 cents on the dollar. At the same time the states, especially Virginia and the Carolinas, issued over 200 million dollars of their own currency. In effect, the paper money was a hidden tax on the people, and indeed was the only ...