Exchange Rates and Trade

We've talked about free trade, but one issue is that different countries utilize different currencies, and the values of those currencies are constantly fluctuating. The value of one currency with respect to another is called an exchange rate. How are these determined and how do they influence imports and exports? Let's get a closer look!

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[tonyburton]

Dave' s videos on economic, philosophy, etc so very helpful.

[oferransenberg]

Can you explain why a universal coin would fail?
I always thought about it and I have some questions:
1. Would there be inflation/deflation if the currency is fixed?
2. If every country has the same coin wouldn't it be better because there will be no exchanging fee?
3. Would economies thrive if they won't have their unique coin?

[dorasama]

I just randomly got in this channel but it sure looks like I am not lost

[glittercupkate]

This video was EXACTLY what I've been searching for - others that I watched are all way to complex for beginners

[MrWouterKuipers]

The BRICS countries want to get an alternative to payments in American Dollars. Several economists predict it will be a mistake to do so. Why would that be a mistake? Why would it be better for all countries to pay in Dollars instead of creating a new currency as BRICS countries plan to do? Many thanks in advance for answering!

[mikesparrow]

Thanks for another very educational video; them coming PD!

[mozkitolife]

One thing we don’t need in light of AGW is thriving economies. Because we’re not basing those economies on sustainable models.

[reeseexplains]

Could you do videos debunking Ben Shapiro?

[glennpearson]

Would love to see you revisit some version of exchange rates when you eventually take a deeper dive into crypto-currency (e.g., BitCoin, Dogecoin, Ethereum, etc.). It's difficult to tell whether these new-age currencies should really be treated like currency, or more like equities.

[absolute___zero]

no forex broker advertisement? hmmm, weird!

[CrimWorld]

I didn't understand the part about Trade Deficit and Depreciate the Value of its currency...
If you have a Deficit that means you're importing more, so you're buying more goods from other countries...
Wouldn't you want your currency to be value as high as possible if that's the situation? You need to buy as much goods as possible, so wouldn't it be better if your money was capable of buying 10 foreign goods instead of 5?

[yajy]

This is unrelated to the video, I’m just putting it here in hopes that you might see it. Something you might consider covering (cause almost no one on YouTube is) is the bad science the wildly popular Andrew Huberman promotes on his channel. He’s constantly taking single studies or insufficient evidence and extrapolating bold declarations from them as if they’re conclusive. Additionally, he hawks a lot of unproven supplements like the worst of the science bro community. While he does give a lot of good information as well, it bothers me that almost no one on YouTube is calling him out for his excesses. Just something you might consider covering.

[dannybowden]

Is this for toddlers?! So many factors and facts left out.

[Rxn]

Lorenz is laughing from his grave at anyone trying to predict stocks.😂

[deivytrajan]

Would it be better if all countries had the same currency?

[TriPham-jb]

The unwanted import like over shipping of cars and building materials to america made unmanageable deficits that why americans are homeless because those things not selling but balance sheet send money oversea

[abdulrashidmumuni]

Ghanadonia international money 💷 exchange 💱 rate 1 dollar 💵 10 ghc 20/5/2024

[Tomagotchiify]

I would love to gift Professor Dave some XRP! Thank you for your simple, easy, and visual lessons! You are a true hero in education