Why, in the perception of all European people, after the starting of EURO, all prices appear to be doubled?
545610
well here in ireland it seems to be that inflation is bringin prices up. that and prices were brought up by stealth by business men during the changeover. \n\nfor instnace there is a doughnut shop on oconnel street in dublin and is usta be 1pound for 4 doughnuts.\n\nafter the change over it was 1.50 euro for 4. and the change rate was 1poiund = 1.27 euro. it is now 3 doughnuts for 1.50 euro.\n\nso yes ppl are gettin ripped off and they are not doing anything about it...
10242
If more money is printed, inflation increases. An extreme example is pre-WWII Germany, where the Mark fell from 4.2 to the dollar to 1,000,000 to the dollar in August 1923 and 4,200,000,000,000 November 20th. The only way to fulfill the needs of everyone would be to equalize the amount of money that people have. As long as some have more than others, some people will not be able to buy what they need.
448054
Because the size and power of every economy is different, there were still exchange rates when the Euro took over, but it was fixed at a certain point for every country and then diluted into the new currency. It really wouldn't be fair to dilute the buying power of the U.S. dollar or Japanese Yen by pegging its value to that of the Mexican Peso.
689215
Exchange rates are not "decided" they are negotiated.  Currencies are just like commodities.  The price is set by supply and demand.  People needing currency exchange the currency they hold for the one they want.  Millions of these transactions happen daily.  The exchange rate at any moment in time reflects the last exchange of currencies at a given price.  If their are inconsistencies among several currencies, professional traders spot them quickly and buy the cheap one and sell the pricey ones and drive them all back to equilibrium.  If many people are buying (selling) one currency the price (exchange rate) will rise (fall).
3808
A fool and his money will soon be parted. why, because its more of a world market and not only that its an auction that makes some difference.\n\nYou know if its right or wrong.\n\nI don't necessarily think its right though either....but I am not going to judge you....if you are making 6 times what you paid for it,and you run across the item alot....I am just wondering why everyone else isn't doing it? maybe thats a rare example on your part,and maybe as I said as well it is rare in the country that bought it....I am just glad it wasn't me...because I would be pretty upset....I mean reverse roles here,and put yourself in the buyers shoes....even if its an auction....which I dislike anyway....because that in itself opens many doors for abuse in and of itself.
569467
First, go here:\n\nhttp://finance.yahoo.com/currency\n\nOne US dollar is worth .7783 Euro. One Euro is worth 1.2848 dollars. To go from one direction to the other, just divide into 1. So to see how many dollars a Euro gets: 1/(.7783)=1.2848. And in the opposite direction: 1/(1.2848)= .783 Euro.\n\nFrom these currency values, you can see that a US dollar is worth less than one Euro, for otherwise they would trade 1-to-1.  Because currencies like the dollar and the Euro are not priced by the government (well they are in some ways, but typically currencies freely "float" on the free market) these values will reflect the demand for Euros versus dollars. (In some cases the central bank will intervene to change the price of the currency). \n\nThe Euro, since its inception in 1999, has tended to be "stronger" than the dollar. (i.e. you get more dollars per each Euro).  That strength might be cause by both real and perceived factors. Real factors might have to do with balance of payments (trade between Europe and the US) and perceived factors might have to do with people's perceptions about which currency is stronger in the long term.\n\nBecause our US dollar gets us fewer Euros, everything we buy from countries that use the Euro will be more expensive. But the opposite is true for Europeans: they can now buy more with a stronger Euro if they buy imported US goods.  This sets in motion some interesting politics: Exporters like a weaker dollar because Europeans will buy more US goods with their stronger Euro. But this also makes imported European goods more expensive, and that is a disadvantage for importers.\n\nIf I use my dollar and exchange it for Euros so that I buy European equities (stocks), and my dollar drops in value, I also get an economic benefit here. When I sell my European Euro-denominated stocks and convert from Euros to dollars, I will get back more dollars. \n\nMany people make money by following trends in currency prices, although to make money you have to buy and sell very large quantities of currencies- something that most people do not want to risk. Through something call price arbitrage, currencies will generally converge on one price regardless of how many are bought and sold. To illustrate an example:\n\nSay there are 3 currencies, A, B, C. A might be the dollar, B might be the Euro, and C might be the Yen.  If I use A and convert to B, and then take B and convert to C, and finally take C and convert back to A, I should get back approximately the same starting value of A I had.  The same goes regardless of which currency you start out with.  However, sometimes there are minute differences, meaning that when you get back to "A" you might end up having more (or less) than you started out with. The positive difference would be a small profit for you just for converting between currencies.\n\nThere are risks and costs, however. One cost is that every currency transaction has a price. Those who trade in currencies are in business to make money, and they will usually tax you for their services. If you have ever been to a foreign country you will notice that to buy a foreign currency you will have to pay more dollars than you get back when you want to convert the foreign currency into dollars. The difference is the profit that the currency trader makes. A second risk is that currency fluctuations happen fast and in order to make any profit you have to be very quick. You can lose a lot of money by day trading currencies.\n\nIn any case, that should give you a little background on currency exchange.\n\nPS: for 995 Euros: \n\n(995)x(1.2848)= $1,278 dollars.
583994
I would think everyone knows how to get it right, but explaining why the given calculation is wrong is what we are interested. \n\nThe key here is that £2 came from the £27.  So there is no  way you add £2 to the £27 again!
711337
Pretty well.  I've notice a lot of things have gone up in price.  That's sad.  Retailers always do that during the holidays because, they know people still need to buy Christmas gifts.
187458
Currency values between countries aren't controlled by any specific agency or anything, they're resultant of the economic factors in the various countries. A country can't just one day say 'hey, our currency's worth 10 times more than it was yesterday!' - it's a measure of how much money will by in the given countries versus production costs, etc. etc. - it isn't a controlled value.
545450
It was the Lira but now they use the Euro. You can check the current rate of exchange on a yahoo or google search under currency converter.
483861
It is and often without even asking he consent of the Europeans when it enlarges. \nNot only, but the centralized governmental control doesn't work at all. \nNot to mention the Euro, which has caused thousands of families to end up on the edge of starvation.\nIn actual fact Europe is not working in any field.\n\nThe nations that are performing better are only those that remained outside the Euro Zone, UK being the first of them all. \n\nThen there is uncontrolled immigration from non EU countries, which is intaking millions of starved people inside EU, whose costs will eventually increase taxes on EU citizens.\nNot to mention the total lack of control on immigration from the poorest EU countries towards the richest ones, which is causing other problems. \n\nEurope to date has been a failure, in all terms!
93834
That sounds like a Euro, they are currently about a buck 37\nUnless it's not a Euro in which I have no idea.
457413
netherlands uses the euro\nit is worth more than us$
392189
The price depends on supply and demand.\nCurrently demand is high as the world economy is expanding.
997523
If our society changed to another form of currency, than the new form would be considered the "root of all evil."  This phrase is based on that everyone wants money; to survive or just have that nice, new gadget.  It makes others do crazy things to get it, whether working all day and nite or even cheating or stealing.  Unfortunately there is no simple solution to solve the problem with distributing currency equally, because of greed and envy.
338778
more currency = higher prices
294163
I posed a similar Question and have similarly gotten only one unenlightened answer so far. Common people, I know there has to be more of us thinking about this, even the media is silent. This is a serious Question!!\n\nThere seems to be so much in the news that makes sense in light of the Iran card. This Port deal that Bush is pushing through seems a little strange, until one realizes geographically where UAE is located, the Straits of Hormuz, the   shipping lane in and out of the Persian Gulf. Nice place to have an buddy in case of a war with Iran.\n\nAnother notable development is that Norway has choose to trade oil Euros, and we don't even have to ask Syria and Venezuela. If the fickle Europeans desire to crush the US, they can in the blink of an eye by jumping off the dollar and onto the Euro. Remember the unfriendly gang of three (Russia, German and France) not long ago tried to show their collective anti American mussel.\n\nIf all oil trades in Euros it will mean the free fall of the dollar. Do all of these countries resent the US enough to see the one stabilizing military and economic power go down in flames? Not all, but some do. Will these nations mind seeing their dollar denominated investments wither, I think not.That said, I think the one thing that may foil the Iranian attempt to sink the dollar, is if well place conventional and nuclear bombs don't preempt the Euro switch in the first place, is the complete lack of a proven, regulated and stable market place. Historical financial data is all calculated in dollars as well and the dollar and Euro do not seem to have a long enough history to translate any predictability into a Euro denominated Market.\n\nAs much as the world may dislike the USA's strong arm tactics, we seem to be the only ones that are not afraid to  go and tackle world problems. i.e. Iraqi invasion of Kuwait, Genocide in Europe (Balkans). And if Americans want to continue to enjoy prosperity (hawks and doves both seem to be fond of money) their government will have to manipulate the balance of power to the USA's favor using all means necessary. The following links are not from main stream media outlets so they can be a little extreme in their views, but that is all we have since no one else is covering this here... now that I think of it an Israeli news source would probably be covering this, since the Iranian President  seems to think "whipping Israel off the face of the earth" is  a noble pursuit for his nation. ~God have mercy on us all!