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This Bloomberg article talked about how China is trying to raise the currency and make Yuan become a global currency. It also mentioned China used to peg Yuan on US dollar until 2005, then they changed the policy to manage Yuan in a certain range.

The article is concerned with the increasing currency value of the Yuan. In the past couple years, the value of the Yuan has increased significantly. This increase in the currencies value is due to the China opening its markets and showing leniency in trading. However, the Yuan though growing in strength has much to do before it becomes the world currency. It must be adaptable. The Chinese government has stated that they will open the market more by 2020. When the currency will replace US is unknown but it seems that it will surpass the US dollar with time. The article was eyeopening. I had never realized the Yuan was so strong. I will definitely look at the Yuan when i read economic news.

Since our topic this week is on exchange rates i thought it would be a good time to address a topic of interest to me - virtual money. the bitcoin is accepted as a form of currency by many and from the article, we can deduce that it has a high exchange rate. A norwegian man had bout $27 worth of bitcoins which now translates to $886,000. this value and exchange rate is un-paramounted and extremely high but there are reasons for this. Bitcoins are now being used as a form of currency for illegal trading - forged documentation serving as an example. This increase in demand has lead to appreciation for the value however many countries are just starting to recognise the bitcoins currency value. many owners are just starting to accept bitcoins as a form of payment in the hopes that it can appreciate and they can sell it for more in the future. However in the article we get an understanding that the bitcoin fluctuates greatly. This detracts consumer confidence however the sheer idea of investing in virtual money is enticing to many, increasing the demand for the bitcoin.

Money has become virtual with the introduction of virtual currencies such as bitcoin and ripple. Through sites such as bitcoin and ripple, which were the forerunners for online currencies, people can invest, transfer and convert money on the web with ease. It is simple and efficient. It is similare to an online bank. Bitcoin producer states that he made bitcoin to provide a more efficient "way to send money around the world". True to his word, it is efficient. A person interested in sending money online can open a bitcoin account. The individual would than transfer the amount of money he/she wishes to send to his account and send it to the designated individual person or place. Of course this transaction is not free, it requires bitcoins. A bitcoin is essentially 1/1000 of a penny. Amazing right. However, virtual currency is not real. If the police and government decide to crack down , the system will have to shut down. But for the most part, it seems they dont have the intention to.

Money has become virtual with the introduction of virtual currencies such as bitcoin and ripple. Through sites such as bitcoin and ripple, which were the forerunners for online currencies, people can invest, transfer and convert money on the web with ease. It is simple and efficient. It is similare to an online bank. Bitcoin producer states that he made bitcoin to provide a more efficient "way to send money around the world". True to his word, it is efficient. A person interested in sending money online can open a bitcoin account. The individual would than transfer the amount of money he/she wishes to send to his account and send it to the designated individual person or place. Of course this transaction is not free, it requires bitcoins. A bitcoin is essentially 1/1000 of a penny. Amazing right. However, virtual currency is not real. If the police and government decide to crack down , the system will have to shut down. But for the most part, it seems they dont have the intention to.

I decided to find an article about Bitcoin because this week we are talking about future currencies as well as the values of currencies. Bitcoin is an interesting topic as it has recently been discussed as the currency of the future. It has been rumored to be valued at 1 bitcoin = 411 us dollars, yet it is only used online with companies like paypal and reddit. Is it the currency of the future? There is also the question of whether or not one day in the future there will be one currency for the whole world.

After Chinese Google-like company Baidu announced it would be accepting Bitcoin as a method of payment, the value of the currency increased significantly. Bitcoin is an emerging virtual currency in which people can make online transactions with large amounts of privacy. Many are attracted to the currency because it allows them to evade some of the regulations placed on trade by the Chinese government. Some people fear however that this type of currency would be very hard to regulate and track and may lead to the development of black markets and other illegal activities.

Discusses the change in the value of the Jamaican Dollar

Before I comment, I want to say i liked the picture.( very funny) The article is very straightforward. It simply states that individuals who have received and dealt in foreign currency will gain, while individuals that have dealt with Jamaica's currency will suffer. A decrease in the value of a countries currency will benefit foreign markets but will harm the domestic market. Before I comment, I want to say i liked the picture.

This article is about the rise in the currency value of the bitcoin. It is expected to "quadruple in just three months."

This article is interesting because it shows economics and how it must adapt as well in order to better handle things that arise with the new century. It illustrates how economics as a study is not static

The article is talking about the programmers around the world have been churning out new digital currencies that try to improve on the concept of bitcoin, the hot but controversial virtual money that has swept the InternetAs questions still swirl around bitcoin's legality, many technology entrepreneurs are trying to sidestep the currency's pitfalls by devising new ways to make payments in a cashless futureThe online payment system viewed by many insiders as having the best chance of supplanting bitcoin, however, is not even on the list: Ripple. Founded in San Francisco by former bitcoin developers, Ripple holds out the promise not just of a new currency, but also of a novel method to send money around the world. With that potential, it is winning something that has proved elusive for virtual currencies: involvement from more mainstream players in the financial system.

Due to a combination of factors, the value of the Euro is expected to depreciate relative to the United States Dollar in the next few days. The European Central Bank lowered its base interest rates to their lowest levels in many years due to an issue of stagflation (no growth, high inflation) which is expected to decrease the value of the currency further. Meanwhile, economic growth in the US has exceeded expectations, making it likely that the value of the Euro will fall very again very soon.

This article talks about how optimism in the Bitcoin from China has led to investment in it, which leads to a higher demand and higher value.

As Japan's economy continues to slow down, the value of the yen has be lagging. Reports say that the value of the yen has dropped 20% compared to the US dollar.