A currency is a unit of account that can be used for the trade of goods and services. There are four major types of currencies, one for each type of goods and services: gold, silver, debt, and foreign currency.
Gold is the most used medium of exchange, but it is not the current value in your money. This is because of the precious nature of the metal.
The most widely used of the four currencies is the Canadian Dollar (CAD) because it is the easiest for most of the world to use. The Canadian Dollar is the most heavily traded currency, but its value is not the most stable. The Federal Reserve is the holder of the status of being the economic master.
The US Dollar (USD) is the most liquid of the four types of currencies because of its reach and the ways in which it can be exchanged to other countries. The USD is the most secured of the four, but its value can fluctuate greatly at times. The USD was the first one that gained huge support throughout the world because of its appreciation, the greatest in history at that time. The USD has been increasing its level of strength and currency value within the past years.
The Euro (EUR) is the best value of all the currencies and the most secure of the four. It is the only one that is still operating successfully after the financial market system of the countries has been halted by the banking system. Since the financial market system was canceled, the EUR has remained stable in terms of its value.
The Euro is used in order to help the economies because it is the most supported one among the countries. The EUR was the largest of the four currencies of the world by far, until the current monetary system was established.
The Euro has been the currency of choice of the people who live abroad in order to pay for necessities in cash. Because the Euro is the only currency that works, there has been an increase in the number of foreigners who have been working abroad in order to earn money for the family.
The Romanian Penny (PRE) is the other type of currency that was accepted in Romania but is slowly fading away. The Romanian Penny was the fastest rising of the four types of currencies until the present economic situation.
The Roman Pupi is the Italian/Romanian native national currency that was the most in demand before the financial market system was suspended. It was issued by the government and carried a limited amount of capital. Today, the Roman Pupi has slowly turned into nothing but an extinct specimen.
The British Pound (GBP) has been replaced by the Euro has replaced the British Pound. At the present time, the Euro is the second most widely used of the four types of currencies, along with the US Dollar.
Only the world has the tendency to change the currencies all the way up to a hundred years. The countries that use the foreign exchange rate method of buying and selling become the most active ones in the world of commerce. They are the ones that have an advantage in finding a good trade.