Why Are Different Countries Currencies Worth Different Amounts?

Why is 1 Euro worth more than 1 Dollar? Why is 1000 Won worth less than either? This video is here to explain

Also on twitter @ibxtoycat

[SupremeLeaderKimJong-un]

The North Korean Won is the most powerful currency in the world. We won the world

[Kloooosss]

I really like the animations in this video, but in my opinion the background doesn't really look good and the titles are hard to read

[PtrkHrnk]

I think the ideal would be when the lowest practical unit of currency would have nominal value of 1. The cheapest thing you could buy would cost 1 unit of currency.

[lesnouu]

Actually Russian rouble has a subdivision of a rouble called “kopeika” but usually no one is using it

[command_unit]

There is some talk Russia is planing to create a new gold backed currency...Possibly it would be related to the Altyn currency that is being planned as a united currency for the Eurasian Union(its planned to be implemented around 2020-2025)...I wonder how good a gold backed currency could work in the modern world?

[Comrieion]

0:06 Dang Toycat those minecraft videos really did pay off

[Brett.McMillin]

Thank you for this video! So many people need to see this. My ex-gf would always argue with me because I earned in CAD and she earned in South African Rand. She would always say I had it better and made more just because I earned in dollars and she earned but when you do the conversion she would make more than me but wouldn’t believe it. It’s not about what currency you earn in, it’s how much of said currency you earn!

[Jotari]

It's funny how people use Yen as an example when 1 yen is pretty close to 1 (US) cent.

[chriswall]

Anymore travel videos toycat???

You have a great perspective on things, love them!!!

[shadmium]

I just searched up "why are some currencies worth less" I didn't realize this was ibx so I clicked on the video incredibly surprised. Serving knowledge at the same time as showing Minecraft :)

[waycoolscootaloo]

All I know is that the British Pound keeps falling and falling with the whole Brexit thing going on. $1.00 now equals £0.82 pounds. I also find it crazy to think how one country like the US has a larger GDP than all 28 countries that make up the EU combined! That's mind blowing when you think about it. The US economy is just so freaking massive!

[AverytheCubanAmerican]

I think you got Mr. Krabs’ attention by mentioning money

[evelynoliver]

Great video... It's unfair on how things have turned up to be due to the recent world pandemic things has been so difficult, We see complains here and there on social media from different people in different parts of the world. I suggest that we all should engage in different things to make money and stop hoping on the government....I'd strongly advise any newbie in trading to seek help from not just any trader but an established trading expert.

[REALPapaLags]

I was literally researching this Andrew and then your video shows up in my sub box 😂

[sohopedeco]

In Brazil, we have a saying, used by people who travel abroad: "Quem converte não se diverte." ("Who converts doesn't have fun") I wonder what it is like to be from a first world country and actually having more fun by converning money when traveling abroad.

[mashedtomato]

The answer to the title, cause currency is a game, every one has to play onto the idea that it has value, and the ones that have more power, have more value, usually, but it has no intrinsic value, in the USA, a $100 is worth intrinsically 12 cents, while if you hold it in cents, it would be worth almost $200 in value of the coin metal

And inflation occurs in all fiat currencies, apparent the US dollar looses half it's purchase power every 20-30 years now, which is horrific if you are trying to save for retirement. I'd say invest in something that would in the future, when you sell it, would give you an amount that would keep around the same purchasing power as when you bought it, ie. A house, maybe a good company

[lukaswirmsberger]

Just a fun fact - the Japanese did at some point have 1/100 Yen Coins (the sen) and also 1/1000 yen (the rin). They just abandoned those.

[sammymarrco]

zimbabwe started a new currency in june lol.

[shibolinemress]

The gold letters are very hard to read. Is that just me?

[wadawads]

It's all to do with the price of a can of coke.