Why do currency differ in value - can it not just be 1 is to 1. e.g R1 1. what is the matter.. what is the influence or the real reason here?

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1209485

2026-03-29 14:55

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The reason is that currencies in different countries developed independently of one another. Sure, they can be made equal, but that would basically mean several countries having a single currency. The best example that this is possible is the Euro. You might think of this as a prototype for a future world currency.

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