Currency Exchange Introduction
ฝัง
- เผยแพร่เมื่อ 23 ต.ค. 2010
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Introduction to how exchange rates can fluctuate
More free lessons at: www.khanacademy.org/video?v=it...
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@@laurenderrick6578 You're right
But I don't know why people remain poor due to ignorance
@@jamesmurphy9772 You're right, Investing in bitcoin now is the best thing to do especially with the current rise in the market
He graduated from MIT and worked as hedge fund analyst...finance is his bread and butter...I know he does tons of videos on other topics, but this series is his most insightful....he’s taking his time b/c people think they understand currency....but they don’t. Good job sal
true
your talking about the guy selling 90 Yuan for 10$ right?
what hedge fund analyst...
they?
He's saved me and guided me to get through college. Thank you, Sal.
You're an AMAZING teacher. I'm 12 and I can understand this.
Dear Khan Acadamy,
You rock! I've been wanting to understand this for such a long time, and you made this SO MUCH easier to understand. Best wishes to you :)
Sal, as usual, you continue to overwhelm me!!. Thanks you so much.
Thanks so much you have helped me understand currency rates a lot more mr Khan. Can you convert other foreign currencies aswell? Hugely appreciate the grade you've changed in my maths exams, I got A* in my maths GCSE. Keep it up! 👍👍
One of the best explanations I came across so far, in my opinion
Wow!! that was so simple... no fancy terminology was needed at all to explain the basis of the currency exchange process... Thanks again!!
Simple explanation for a simple market. Now on to other variables that influence exchange rates. Thanks Sal!
Fantastic. Easily understood. Been wondering about this topic for some time. Appreciate the good work.
Thanks for this video .Simply superb and quiet easy to understand
I can literally type in anything I have trouble with + khanacademy into the search bar, and I get a video for it. The man's a legend.
Thank you so much. Your explanations are very clear and simple, which helped me a lot.
Thank You for making it so easy to understand.
lets say. lets say. lets say. lets say. lets say. lets say
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dan qq Currency Exchange is major need for stock trading.you can follow skyarza trade success star for more information.You can also search on google for money exchange rates.
Pulak Sen Satvik Singhania I like the video and the ideas it leads up to. Im thankful for the technology available today so that we can progressively learn. Im just wondering why this video doesnt have many views
hey ,if anyone else needs to find out about forex trading online try Loctavan Amazing Exchange Strategy ( search on google ) ? Ive heard some unbelievable things about it and my friend got excellent results with it.
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Good introduction Sol. I love your classes. Great to advance learning during this pandemic.
I
This is very simple to understand, thanks!
WOW I’m FINALLY able to understand this concept of supply and demand after seeing a bunch of other videos that didn’t make things clear.
hey khan, can u make a series of videos on the european debt crisis. Youre extremely clear and concise and many explanations on the european crisis are really confusing.
I can't wait for the next video.... Looking forward to your explanation of how Businesses trade internationally, how Holiday makers also influence currency prices and how the prices of products and services rise due to increase in cost and exchange rate of Foreign goods! You're a top dude Sal
Thank you for your clear explanation. :)
The philosophy of the rich and the poor is this. The Rich invest their money and spend what is left. The poor spend their money and what is left:
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Exactly fine words! I've heard all day.
@Willie Albert Yeah I think you're right, because no matter the stock market crash one needs to have a different portfolio, I already invested in Forex and Crypto which are really profitable.
The Future is all about investing and making more money including both in Crypto or Forex because it yield the best results.
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DOES THIS MAN KNOW EVERYTHING???!!!! WHY??? HOOWWW????
He got a degree in electrical engineering and worked at a hedge fund so he's advanced in those topics. But most of his content is basic stuff, at a high school - early college level
He earned his MBA in Harvard, he also as master degrees in electrical engeering, computer science, and math.
Dude, you are awesome!! 👍🏽🙏🏽💪🏽
Really really good explanation!
Wow you made this easy to understand
woah, i never thought about currency like that. i'm taking economics right now and i'm so glad i watched this video because my teacher is horrible and i'm sure i wouldn't have understood it as clearly.
well explained... you're good!
Great video you made here --and I was wondering if you could recommend a
foreign exchange company I can use in Canada, to but quite a large sum of
US dollars, and how I can "protect myself" from being ripped off from a not
so reputable Foreign Exchange Broker, that disappears with my money. You
sound very knowledgeable in this area, and would appreciate your advice -- thanks
from --Canada :)
5:48 "ONEthousand YUAN that WANts to be traded." I lost it :D
Thank you for thiz vid!
Hey Khan, the person who translated this for you from English to Dutch kept using (Japanese) Yen, instead of (Chinese) Yuan. Could you please correct this. In Dutch Yuan is also Yuan, not Yen.
It is hard to follow when you repeat yourself so often, but thank you for the videos
Really nicely done
that was so awesome!!!:D
I felt like you were fuckin with us at the beginning lmao, like after setting up the stage gonna say "all these people will go to the currency exchange... the end"
Do you upload a video everyday? THANK YOU!
So as a country, we shouldn't be printing too much of paper currency or the value of the currency will go down. Is that right?
People still convert if it's really needed to. Is it ok to say that the demand of exchanging by both side affects the rate?
Yuan (yoo- en) translates roughly into "buck" renminbi translates into "the people's money" Renminbi is then refers specifically to money from the PRC while a yuan can be from any country.
I finally figured out what my friend was when he worked at the World Trade Center.
That's b/c he's visiting me right now and told me: He was a trader.
I should have just asked him what that means but I was afraid he'd find me REALLY stupid. So I didn't ask.
He knows what this video is about and thinks it's self-explanatory.
Maybe for HIM it is. Not for me.
Nice video, but I think you should first give a quote, like conclusion and then explain us the meaning of that conclusion, so we can understand better and faster. P.s. Just a personal opinion, still a good vid
Hey Mr. khan you are doing a great job by posting these videos. A big thank you for that. And I have a question that why there should be equal supply and demand? And why can't we just buy it for a standard rate of exchange which never changes? these are 2 independent questions.
equal supply and demand will keep the exchange range stable
the government might want the exchange rate to be lower or higher for a number of reasons
if the supply is scarce, the demand is high (or vice versa)than the price or exchange rate will differ
the same reason why diamond is expensive, and apple are cheap
+Toby Lam thanks
@rrayoflight
Disagree, the writing helps to cement the idea in the viewers mind. If he was just to say it, and not write it, the viewer would start to drift off, much like in a classroom setting where the teacher might go off on a tangent only to lose their students attention, as well, there train of thought. He knows what he is doing and he's got a great way of explaining things, don't bring him down to the lowest denomination = typical teacher.
In your example in this video What i want to know is How in the first place 1 usd=10yuan. Who fixed or how is it determined.?
Which authority or board announces price of the dollar or the exchange rate
intresting, i had no idea!
Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.
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Good video, very helpful. To previous commenters does it really matter if he was using "Yuan" or Dollars of potato chips. Let his pronunciation of Yuen go. Thanks for the help.
Is this series organized? I want to listen to it in series
So if I went to a place where the currency was less than the dollar i would be chilling? For example I want to travel to Norway eventually and I’m only 19 so my knowledge is pretty weak on travel. The Norwegian Krone is weak so it would be cheap to travel? How about Brazil?
khanacademy. you are Genghis khan of economics!!!
we use the word Yuan in daily life, we can put a number in front of the Yuan(10 Yuan, 20Yuan) RMB its rather the name of a general term
Thank you for this video. May you also find this link helpful.
@Chonch95 Do you even understand the process of how learning works? When introduced to a concept that is foreign to you, you'll have a better chance of retaining the information if certain points are repeated to you than if it's just said once. That's just common sense. I love it when Sal repeats himself. It feels as if he's a human who is really trying to help me and is not just some robot behind a screen. If you don't like the way in which he teaches, go make your own videos. Simple.
Thank u
@michaelteter why? I like Khan talking!
good stuff
Please why PPP is a building block for almost all exchange models ??
Thank you Sal
Can you make a complete outline for this video ?
Character In the video It's great, I like it a lot $$
It’s actually Sal Khan’s voice!
U should have explained which point these two currency hit the balance
getting confused with indirect/direct and spread bid-ask exchanges and how to calculate
Speed 1.25 x works really well!
Great
@Chonch95 Well, I personally don't see how that's annoying, but everyone has their pet peeves. But understand that Sal is just one person. In adjusting the way he teaches to better suit your learning style, he may be taking away the experience of others. He cant please everyone but what he can do is please the majority. From what I've seen, nearly everyone loves the way Sal teaches. You're just part of the minority Sal can't please at the expense of said majority. No hard feelings, bro
crazy dawg
If markets were fair, this would be true, but the general public is not informed enough to make these types of decision. The market price is set, which means that you accept the price or you don't get any trade.
nice
I am just 14 and i understood this hard topic and now I am feel that I am a 'Superman'.
Abhishek Ravindra im 12 dude!
Why would you not use the exact exchange rate? Now would of been a great time!
I went to the library to ask if they had any books on currency exchange, travel restrictions, and human rights. It was closed.
Thank you it is good but just a bit slow :)
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Amazing trader, it’s been great pleasure working with him too for the past year and half.
Verve Linar yes he does trade for people, and he charges a 25% commission.
Thааnks
Thanks Mr. Khan, however, I still believe that there are plenty of currencies manipulations in the market and there is no way that one nation can control the world currencies...not the US, China or Russia.
I'm sure your friend would not have the same attitude for every subject, if he did, he would be lying. There are some people who are naturally good with this sort of things, I am not one of them. I have nearly completed a degree in biochemistry and psychology, going up to Calculus III and learned the most amazing and complex equations in classes like Biophysics. Nonetheless, I re-watched parts of this videos a good few times. Persevere, learn, understand - no set timings attached to that.
Yoo-ann
I think the opposite Rib. Since we live in a few countries (use 3 dif. currencies). It applies more and more to expats. Your view is egocentric. I believe the currency trade info is one sided in that it is for investors who use currencies online and not in real life/buying property/goods/stocks.
@rrayoflight How dare he not specifically tailor his videos to you!
@whartanto2 It dosent work that way, If it would, every country would do that which leads to money surplus, eventually no value for money.
excuse me im so confused i really need a response asap i put in 2 bucks into bitcoin thru cashapp and my exchange rate right now is $6,559.20 can i get that much money back if i sell please plz plz get back to me asap i need a better understanding of this thank you
@rrayoflight wrong!
yuan. not won.
TheAndySeoul 👞👞👞👞👞👞👞👞👞👞👞👞👞👟👞👞👞👞👞🐩🐩🐩🐩🐩🐩🐩🐩🐩👑👑👑
My Econ teacher at SMUS says "won" for Chinese currency too. It's probably because the consonant "ɥ" does not exist in English.
But why would there be a big demand for yuan?
+FORTHEEMPIRE Exports, tourism Etc
@gxryd3r Yes, but as long as the inflation (making more money) is not to fast, we will still have enough money. For example, if by next year $1 now is equal to $10 then, then nobody will have enough money. But if it takes 20 years for that to happen, then people will have been keeping up, and it ends with a good outcome. The simple answer: Yes.
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for one, if the Japanese want to do business w/ Mexico then Japan will have to buy much of its currency so the demand for the the Mexican peso would rise
@GuyGroovey Yeah me too, for months I've been thinking it was "you-anne". Hehehe.
Offer and demand law
@saltkrakan1994 He can get the Nobel peace prize, he's more deserving than others who got it and/or nobody is going to be insulted for a change. :-)
So has the dollar lost value because it us exchanged ar a lower rate? Or because more Dollars have been created? And that the Pond remain higher value because no english man in their right state if mind would trade the pound at lower cost...
So we can print as much money as we want, and not devalue the currency...😘
Yuan or Renminbi
Wow ok so it has little to do with the economy of the country it's all about how many people want to change their currency into your currency
Best watched at playback speed 2x