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PASSWORD

Exchange Rates

A meeting place where national storefronts can tout their wares and discuss trade. [In character]

Is this a good way to calculate exchange rates

1 Yes
1
14%
2 Yes, but how can I make this benefit my nation more
1
14%
3 I don't understand
1
14%
4 No
1
14%
5 No, because there is no way this can benefit my nation.
0
No votes
6 I like turtles
3
43%
 
Total votes : 7

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The Murry
Diplomat
 
Posts: 547
Founded: Aug 19, 2011
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Exchange Rates

Postby The Murry » Sun Feb 12, 2012 11:26 pm

Exchange Rates
I have come up with a way of calculate them however it will only work for decimal currencies

Note
E = economy rating (e.g. 50/100)
50/100 = 1 standard currency unit “SCU”
SHD = Swan Hill Dollar “The Murry’s currency”
GDD = Gillardorian Dollar

Step 1: your currency to SCU
E x 2 / 100
e.g. 96 x 2 / 100 = $1.92, Thus 1 SHD = 1.92 SCU

Step 2: Your currency to someone else’s
Your currency divided by theirs
e.g. 1.92 / 0.90 = 2.13. So to clarify 1 SHD is equal to 2.13 GDD
Last edited by The Murry on Sun Feb 12, 2012 11:41 pm, edited 1 time in total.
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The Murry
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Posts: 547
Founded: Aug 19, 2011
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Postby The Murry » Sun Feb 12, 2012 11:45 pm

so anyone got an opinion on this
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Siddhartha (Ancient)
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Posts: 12
Founded: Feb 11, 2012
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Your storefront

Postby Siddhartha (Ancient) » Sun Feb 12, 2012 11:45 pm

When you want to look at a real PROFITABLE!!! business look up mine. Siddhartha gold or my new one Siddhartha combat shop.

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The Murry
Diplomat
 
Posts: 547
Founded: Aug 19, 2011
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Postby The Murry » Sun Feb 12, 2012 11:49 pm

Siddhartha wrote:When you want to look at a real PROFITABLE!!! business look up mine. Siddhartha gold or my new one Siddhartha combat shop.

No this is simply an equation to calculate the exchange rates between 2 nation's currency
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Siddhartha (Ancient)
Lobbyist
 
Posts: 12
Founded: Feb 11, 2012
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Postby Siddhartha (Ancient) » Sun Feb 12, 2012 11:56 pm

The Murry wrote:
Siddhartha wrote:When you want to look at a real PROFITABLE!!! business look up mine. Siddhartha gold or my new one Siddhartha combat shop.

No this is simply an equation to calculate the exchange rates between 2 nation's currency

whatever floats your boat

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Constantiua
Secretary
 
Posts: 26
Founded: Feb 10, 2012
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Postby Constantiua » Mon Feb 13, 2012 2:29 am

Siddhartha wrote:
The Murry wrote:No this is simply an equation to calculate the exchange rates between 2 nation's currency

whatever floats your boat

OOC:
1. You shouldn't ad-spam other people's threads
2. The question he/she was asking is if the equation stated is whether it is a good realistic method of getting exchange rates

FOR THE OP:
It would make more sense if 50/100 was just the standard 0% inflation 0% deflation base rate. My personal method uses this

50/100 is the standard base, and if your at that NSD 1=1 unit of your currency

for inflation(bad economies):
X=#/100
50-(x/2)=% of inflation
If I am correct most nations assume the NSD=USD, so you times NSD 1 by the % of inflation divided by the nearest #0 of the X/2, then add the answer to the 1 NSD and there is the value of your currency.
EX:
1.X=15/100
2.50-(x/2)=50-(15/2)=50-7.5=42.5
3.7.5 is closest to 10 so
4.(42.5(1))÷10=42.5÷10=4.25
5.1+4.25=5.25
NSD 1=5.25 of your currency
and now the reverse:
a.100/Z(100)=425/100
b.1,000=42500Z
c.10=425Z
0.02352941=Z
NSD 0.02=1 unit of your currency

For Deflation(Good Economies):
X=#/100
2X-50=% of deflation
If I am correct most nations assume the NSD=USD, so you times NSD 1 by the % of deflation divided by the #0 of the % of inflation's step then subtract the 1 NSD from the answer and there is the value of your currency.
EX:
1.X=85/100
2.2X-50=170-50=120
3.(120(1))÷10=120÷100=12
4.12-1=11
NSD 11=1 unit of your currency
and now the reverse:
a.100/Z(100)=120/100
b.1,000=12000Z
c.1=120Z
0.08333333333333=Z
NSD 1=0.83 of your currency

To compare countries:
1.Get there rates against 1 NSD using this method
EX: using the info from above
5.25=0.83
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