A currency exchange rate of 184 euro to usd is equivalent to one dollar.
The Economist has a page showing the cost of doing business in Europe versus America. For most of the rest of the world, the US Dollar is the currency of the United States. So if you buy a car in the US for $100, you’ll pay $100 in the US. If you buy a car in Europe for $50, you’ll pay $50 in the US. The European exchange rate is a little more complex.
In the US, the US Dollar is the currency of the United States. The Euro is the currency of the European Union. So the Euro is about the same value as the US Dollar. But when you exchange dollars into Euros, the value of the Euro is about half as high as the US Dollar.
So, for example, if I buy a car in the US for $100, I would be charged $50. Because the Euro is worth twice as much as the US Dollar, I would then have to pay $100 in the Euro. So if I buy a car in Europe for $50, I would be charged $50 (and I wouldn’t have to pay in the US).
With the Euro, all these currencies are being used as a currency and not as a medium of exchange. It turns out that the Euro is actually very volatile and is not backed by the US Dollar, but by a basket of currencies called the Euro Gold Convertible (EGC). The EGC is the standard that every country in the Eurozone uses.
The EGC is basically a basket of currencies that are not being actively used as a currency. This is why the Euro has been at $1.40 since 2002, and why it has fluctuated from $1.50 to $1.75 to $2.00 to $1.80 to $1.97 to $2.20 to $2.50, and why it is now sitting around $1.80.
The first place you’re going to find the EGC is on the bottom of the Euro’s graph. It’s on the bottom of the map.
This is a very important point. A currency that is in the basket is not a currency! A basket of currencies is not a basket of currencies. For example, if I have ten Euros, there are no other currencies that I can use to pay for my coffee. The same goes for the Euro Gold Convertible. So it is not in a basket, it is in the basket.
The EGC has been in the basket for a long time. It was around during the time when the old Euro was being introduced. It was around during the time when the Euro was being introduced. I don’t think anyone is really quite sure why the EGC was introduced a year or so after the Euro was introduced, but I think it is because it is now the biggest currency in the world and it has been around for a long time.
