Why does currency fluctuate?

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Laomedeia
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#1
Report Thread starter 5 years ago
#1
How can a Pound be worth 1.22 Euro one day and only 1.13 Euro on another day? Dont take this specific example as anything accurate because I have no idea what the current rates are. Anyway why do they fluctuate?
Why cant there be a set rate for all currencies which is to be strictly adhered to? It would simplify things greatly, as well as eliminate certain fears over markets etc.
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Laomedeia
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#2
Report Thread starter 5 years ago
#2
Yeah I know but it still dont make sense. Why cant there be an international standard like there is for weights and measures? Can you imagine that 1KG is about 2.2lbs one day, and 1KG is 3.7lbs another day. Kind of defeats the purpose of having units of currency if people, businesses etc are just gonna change their values.
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