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This replaces past practices under a gold standard where the main concern is the gold equivalent of the local currency, or under a gold exchange standard where the concern is fixing the exchange rate versus another gold-convertible currency (previously practiced worldwide under the Bretton Woods Agreement of 1944 via fixed exchange rates to the ...
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. The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF).
The Philippines is a megadiverse country, [241] [242] with some of the world's highest rates of discovery and endemism (67 percent). [ 243 ] [ 244 ] With an estimated 13,500 plant species in the country (3,500 of which are endemic), [ 245 ] Philippine rain forests have an array of flora: [ 246 ] [ 247 ] about 3,500 species of trees, [ 248 ...
Google spent "tens of millions of dollars" on getting major publishers such as Ubisoft and Take-Two to bring some of their biggest games to Stadia. [ 125 ] In April 2021, The Wall Street Journal reported that Google ran a years-long program called "Project Bernanke" that used data from past advertising bids to gain an advantage over competing ...
In 2003, 551,287 fake euro notes and 26,191 bogus euro coins were removed from EU circulation. In 2004, French police seized fake €10 and €20 notes worth a total of around €1.8 million from two laboratories and estimated that 145,000 notes had already entered circulation.
Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million ($364 million in 2024 dollars [31]), giving Facebook an implied value of around $15 billion ($22.7 billion in 2024 dollars [31]). Facebook focused on generating revenue through targeted advertising based on user data, a model that drove its rapid financial growth
As the Malaysian dollar replaced the Malaya and British Borneo dollar at par and Malaysia was a participating member of the sterling area, the new dollar was originally valued at 8 + 4 ⁄ 7 dollars per 1 British pound sterling; in turn, £1 = US$2.80 so that US$1 = M$3.06. In November 1967, five months after the introduction of the Malaysian ...