@Astarties That's the biggest bunch of Mule Muffins I've ever heard. The Exchange rate between to currencies are calculated on values like purchasing power parity of the two countries in question as well as the GDP. If I were to Exchange Euros to Pounds the current value of the US-Dollar is actually completely irrelevant to the calculations. In explanations as to how the Exchange rates work EUR and USD are often used as an example because of their familiarity, but other than that the USD is not - and I am sorry if that strikes against your patriotism - the Gold Standard around which the world revolves.
35
@Astarties That's the biggest bunch of Mule Muffins I've ever heard. The Exchange rate between to currencies are calculated on values like purchasing power parity of the two countries in question as well as the GDP. If I were to Exchange Euros to Pounds the current value of the US-Dollar is actually completely irrelevant to the calculations. In explanations as to how the Exchange rates work EUR and USD are often used as an example because of their familiarity, but other than that the USD is not - and I am sorry if that strikes against your patriotism - the Gold Standard around which the world revolves.