Why Are Different Countries Currencies Worth Different Amounts?

[@SupremeLeaderKimJong-un]

The North Korean Won is the most powerful currency in the world. We won the world

[@carlosmagalhaes7109]

The only currency backed by nukes

[@srirambettagere6000]

Raio Privatizador you mean the only nukes backed by currency

[@heinzmustermann8416]

I see what you did there 😏

[@TAILSORANGEs]

Wooo... Punny.

[@fxraontouchedmyppimonly1483]

Yeah because you can make 1 Kim bucks worth 9000000 money

[@Kloooosss]

I really like the animations in this video, but in my opinion the background doesn't really look good and the titles are hard to read

[@6luelights2]

LMAO moneymoney

[@fjellyo3261]

...must be funny in a rich man's world!...;)

[@samhelinski1855]

second channel, don't care.

[@PtrkHrnk]

I think the ideal would be when the lowest practical unit of currency would have nominal value of 1. The cheapest thing you could buy would cost 1 unit of currency.

[@lesnouu]

Actually Russian rouble has a subdivision of a rouble called “kopeika” but usually no one is using it

[@putinpunhere]

...anymore.

[@ibx2cat]

I have some kopeks actually! However, the penny divides into fractional pennies - but is just not used anyway so I figured the point can be made that any currency can have subdenominations, but don't

[@modmaker7617]

Kopeika sounds like the Polish koperta which means envelope for a letter.

[@DizIzChuvak]

I still get 50 kopeks quite a lot in stores

[@silvesby]

They used to be used all the time before the Soviet economy and the ruble value dropped. You could buy things for super cheap like bread for 3 kopecks.

[@Jotari]

It's funny how people use Yen as an example when 1 yen is pretty close to 1 (US) cent.

[@arwelparry7529]

floooooooooooooooood Until 1953, Japan had the sen, worth 100th of a yen.

[@sharathgowtham2157]

It doesn't represent the strength of a currency

[@Brett.McMillin]

Thank you for this video! So many people need to see this. My ex-gf would always argue with me because I earned in CAD and she earned in South African Rand. She would always say I had it better and made more just because I earned in dollars and she earned but when you do the conversion she would make more than me but wouldn’t believe it. It’s not about what currency you earn in, it’s how much of said currency you earn!

[@lqenr52]

your ex clearly had a low iq then if she didnt know that already

[@myself4128]

Thsts why she is ur ex ...u did well leaving that gold digger

[@cupule_acorn]

Bitcoin?

[@chriswall27]

Anymore travel videos toycat??? You have a great perspective on things, love them!!!

[@ibx2cat]

Thank you! No travel video for July, I'm going to Mexico city for 36 hours in early August though :)

[@chriswall27]

@@ibx2cat Sooo jealous, I have been to Tijuana twice and is completely crazy, I imagine MC is miles worse/better (lol) Have a great time, I hope you wasn't offended by the editing statement, I know its hard work!

[@waycoolscootaloo]

All I know is that the British Pound keeps falling and falling with the whole Brexit thing going on. $1.00 now equals £0.82 pounds. I also find it crazy to think how one country like the US has a larger GDP than all 28 countries that make up the EU combined! That's mind blowing when you think about it. The US economy is just so freaking massive!

[@mashedtomato2079]

The answer to the title, cause currency is a game, every one has to play onto the idea that it has value, and the ones that have more power, have more value, usually, but it has no intrinsic value, in the USA, a $100 is worth intrinsically 12 cents, while if you hold it in cents, it would be worth almost $200 in value of the coin metal And also..... inflation occurs in all fiat currencies, apparent the US dollar looses half it's purchase power every 20-30 years now, which is horrific if you are trying to save for retirement. I'd say invest in something that would in the future, when you sell it, would give you an amount that would keep around the same purchasing power as when you bought it, ie. A house, maybe a good company

[@REALPapaLags]

I was literally researching this Andrew and then your video shows up in my sub box 😂

[@sammymarrco2]

zimbabwe started a new currency in june lol.

[@mohammedraheem6288]

What's it called and what's it like?

[@AverytheCubanAmerican]

I think you got Mr. Krabs’ attention by mentioning money

[@braintumor9811]

More Economics with Toycat!

[@nickob55]

along with borders currency is one of my favourite subjects , I live between UK and Bulgaria which has multiple factors to consider to arrive at a strategy.......living between countries has loads of benefits if you play the system right......the two main factors are what you can purchase in each country and what you can earn in each country, a study in itself.

[@LordMelbury1953]

In the future there is no money.. Captain Jean Luc Picard.

[@mohammedraheem6288]

If there's post scarcity.

[@Iam-ava]

Is it possible that a leader of a country change the currency? So for example: can the leader of Congo make the Congo franc equal to the US dollar?

[@paulhartson1]

Hey toycat! VIDEO idea! GO to Lauterbrunnen and the top of the Schilthorn. Very cool revolving cafe. Also tons of waterfalls everywhere. Lots of Swiss chocolate over there!

[@wadawads]

It's all to do with the price of a can of coke.

[@DJGreenBean]

Its prob about a dollar or 1½?

[@sakhilemthembu2806]

thank you for this video. its currently on repeat

[@DavidMiras]

There's also a lingering misconception that your money is of higher value if you get, say, 100 to a USD compared to another currency which is 10 to a USD.

[@fitmotheyap]

Actually what if you have 100 usd Change it to some currency thats way weaker The currency gets better like 100 usd will be 900 currency instead of 1000 Which means youd make profit just by exchanging So 100 usd into some currency 1000 Currency becomes better than before Exchange 1000 of that currency for like 110 usd this on a mass scale could work

[@margaretpollack4351]

Fitmo GMC so would that be a reason to buy stocks in international markets or no? I’m interested

[@jardon8636]

the british pound £ sterling, is a strange one, being that each nation, or region of the UK and crown dependencies have their own issue, that is gibraltar, iom,falkland islands,st helena, ulster bank, royal bank of scotland, bank of scotland, bank of england ... except wales... also there is a certain famous female person, a monarch who appears on various notes....& coins in various countries, everywhere from UK too canada, australia to NZ... the euro is used by some 400 million, the us $dollar by simmilar.... the japanese yen,UK £,chinese yuan,russian rouble,swiss franc & indian rupee are globably known currencies... maybe future project for latin -south america is one currency like the euro, the east carribean $dollar already exists... africa too may have new currency unions

[@thusianreaver]

We do have a unified currency, it’s called the Big Mac index 😅

[@toastyscoot5580]

“As it seems” got me dying 😂

[@nielsreyngoud2870]

Interesting video. Editing wise the fact that the video mutes when a new title is shown is not so nice.

[@kimeli]

the answer is history, its when the currency was created the people wanted to buy goods and services at that number range, at the same time hundreds of factors can contribute to the currencies fluctuation range. exchange rate doesn't tell the value of a currency.

[@laika25]

Great video/explanation, thanks. Saaay, is that a love "hickey," haha

[@surprisedpikachu4589]

That's silver, Andrew.

[@surprisedpikachu4589]

@@GreenCatTV *don't care

[@surprisedpikachu4589]

@@GreenCatTV aaaaayyyyyy

[@ender3960]

0 cave Updates: 2 Combat updates

[@RealityCheck6969]

I did not find the answer to my question in this video. My question is what determines the price of a currency compared to another currency. What markets (if any).

[@destinyemcgill4621]

This was such a helpful explanation! Thank you so much!

[@MarginB]

in the end they all end up talking abt how much is worth what and not the real cause of who or what determines the currency value...

[@yahyagannour8486]

6:07 start of explanation

[@azemaz9203]

ibxcat u have golden teeths too 🤣🤣

[@codybandy4003]

Hey ibx2cat Im trying to figure out how the sovereign bolivar got its value of 7k for 1 USD I know that currencies are valued by a countries demand for its currency just like the value of goods and services the demand for Treasurys foreign reserves and other things to BUT why 7k

[@lowching1560]

It would be great, if you can do a simple presentation which explain your thoughts clearly

[@christophertito8118]

As an Indonesian, I'm intrigued that you know so much about my country. Just curious, have you been there?

[@ibx2cat]

I have, just the one time though :)

[@christophertito8118]

@@ibx2cat Wonderful! I hope that you liked it there :) did you only visit Bali or did you go to other places as well? Keep up the good work with your videos, I'm loving them.

[@ibx2cat]

Jakarta! It was one of the wilder experiences I've had

[@jeffreywenger281]

A currency unit is an ARBITRARY unit of account, and therefore different countries chose very different sized units. Explained in less than a minute.

[@flelite3994]

Yes! You're a genius!!

[@irthamepali]

Next week on toycat: why do things exist?

[@chriswall27]

I didn't know about the history so informative in my opinion

[@petar5688]

Why is GBP going down for decades?

[@bocbinsgames6745]

The GBP to USD rate sucks since I'm paying in GBP for a US service

[@chriswall27]

Well explained as per usual but not sure about this weeks editing (a bit tacky) lol

[@shrekonion8307]

This is like some weird joke a minecraft youtuber talking about currency exchange

[@musicalneptunian]

You have missed the consumer outcomes of currency value differences in your video. I am in Australia. If I buy onlne software subscriptions from say, Adobe, then I lose approx 30% of my money's value off the bat, 35% if you count Paypal or a bank taking their hit. Because the AUD to the USD has such a rate. So my buying strategies change. I look at more free or opensource software. I avoid subscription software. For instance software like FL Studio for making music is a one time payment with lifetime free updates; that makes sense when my AUD is so pathetic against the USD.

[@drakemagma7214]

I have the same problem. Where can i download free software like adobe and autodesk? Not torrent i mean real download

[@cycklist]

Should say countries'. With an apostrophe.

[@miyou3playz_yt389]

Im from iran rial is the base money but 10 rials is 1 toman and we get like a million tomans from work and we buy gum for 10000 rial

[@yourtags4876]

Isn't this the guy who makes minecraft video?

[@b4mphoenix806]

$

[@bomnimegu9322]

The background is that your room?

[@krateproductions4872]

Yup. He is so rich 😆

[@sarhanibrahim6852]

Iran doesn’t have rial. They have tuman

[@alexanderphillips8146]

When that happens the world would end

[@jnblood7244]

god save the queen

[@distorteddingo9230]

Completely WRONG. It's because of Countries central bank Print money which causes inflation of excess local currency that no one wants. High exchange rates prevents them from infinitely printing money to get infinite dollars

[@christophermelville7654]

So why don't they just take the 1000 yen note and make it 1 yen or whatever and say it's value hasn't changed its equal to 1000 yen. which make me confused because why would the print larger units on notes in the first place.

[@marknaughton]

@@christophermelville7654 because people in Japan are used to the prices of items and it would be weird for the people living there. Wouldn't it be weird if say a car that costs 10,000 now costs 1,000?

[@christophermelville7654]

@@marknaughton no not for me personally

[@christophermelville7654]

@@marknaughton I think it makes it mathematically easier for me personally and you could identify the value of a currency quicker with less units to read.

[@marknaughton]

@@christophermelville7654 ok so let's say you live in Japan and Bread is 1000 yen it's always been around a thousand and Japanese people equate bread with 1000 yen. What is the point of changing the currency as to make bread 10 yen? Nobody in Japan wants that, it doesn't matter how you denote your currency it's all the same. Like what if the EU just decided "Hey every euro currency is getting multiplied by a factor of 10" you would be like why though because there is litterally no reason to.

[@mohammedraheem6288]

I don't know if the Japanese have or had a denomination less than a Yen. But a reason why they may have larger denominations for relatively low priced goods is so that for the most part they do not need a denomination less than a whole Yen. So instead of having dollars and cents, you have only Yens.

[@dikshitjanathta2313]

Thanks Dwight!😄

[@travelingabroad3889]

Was looking for the difference between countries Money then i realized something.. How Europe money is higher than rest of the world.. They don't have any natural resources.. Still high comparing to most countries.. I ask myself this Question.. If we take the remaining world country that do not use euro and ask them to change their Money similar to Europe what will happen to Europe.. Hmmmmmm..

[@briceonyoutube7215]

Can you look at the camera...?

[@kabalofthebloodyspoon]

Money is a great way to buy things

[@kubix5220]

May you understand that a map of culture of our image must remain to see how it arrives from need. Don’t complicate your burdens with everything. Feeling rich helps make you feel wealthy even when your poor. So hope for the matching of what you want brother. Not the combat of feeling we inflict slavery upon what we steal. It’s not true. You may make something as well.

[@justas6235]

Could you do a video where you talk about your political views ?

[@omkarnagarhalli5217]

He doesn't talk about them

[@4lex_6782]

I want to write the currency

[@lowching1560]

maybe you can speak a bit slower, could not get your presentation. a bit jumpy. Currency inflation, relative strength, economy, trade, how they link together, possibility of universal currency in future

[@nicogrobler873]

Invest in Venezuela😂😂😂

[@joaomendo7]

love this

[@maybeinactive]

Istg ive seen you in a Minecraft video

[@ssssSTopmotion]

But the question is; How many emaralds are there in a dollar ?????

[@jaraxu_]

Nice use of cool texts 😎😎😎

[@TAILSORANGEs]

Wait, How old are you?

[@ibx2cat]

23

[@TAILSORANGEs]

@@ibx2cat is "Toycat" your Last name? Like, for real?

[@TAILSORANGEs]

@@ibx2cat Also, what do you think about Lee Kuan Yew's ruling philosophy (let's call it as such) ?

[@TAILSORANGEs]

@@ibx2cat Are you planning on coming to Singapore for its National Day? Just Curious.

[@JoseRodriguez-tb1js]

I recommend less substance abuse but good effort.

[@leonwoods4052]

I hate these cartoon character videos on subject matter.

[@Mohamed-bm6yk]

That's were start every horrible thing in the world

[@gashiyumi3124]

When im Phillipines as young to highschool --- its unfair of low value of peso When im Guam today--' its unfair the value of govt. Of Guam that not to vote for President.

[@joseaguirre744]

bretton woods system

[@mohammedraheem6288]

What's that?

[@spektra1988]

nice video. :)

[@mariom.1679]

ow my eyes

[@kishankr9596]

What a waste of time! He didn't even explain it in the end

[@stenhard61.46.1]

Pls slow down your accent is difficult enough to follow without the speed. Also unless you have a problem use the "TH" sound. I am a native english speaker and you topic was interesting so why make it almost inaccessable to the majority of english speakers?

[@51MontyPython]

You can slow the speed down.

[@kdiffin]

yes minecraft youtuber

[@hoiblockchain9480]

I Once had financial problems but with the help of Mr Chris D Russ. I'm out. send her a message on how to start.

[@hoiblockchain9480]

For more info [phone]

[@coatzalcoatl8188]

He's speaking nonsense. Why doesn't he talk about the petro dollar and dollar fiction.

[@belka_yt56]

Since i live in morroco i buy things online with euros since u cant buy with african money the euros always have minus a 0 for example 10 euros is 100 dirhams

[@KiwiKrazyable]

his mouth doesnt match the words he says

[@TheBaobeii]

You talk too much. Come to the freaking point

[@princessathena4996]

Next time talk slow

[@shantgaurav]

You may be doing your best. But you shout more and teach less. Sorry.

[@18.....99-d8o]

Please speak slowly...

[@cornheadahh]

put the video to 0.75 speed thank me later

[@randallparr4349]

no universal currency ....... nobody could enforce it it just is.

[@nickhueper2906]

8th

[@JohnHuckerby101]

Buy Bitcoin!

[@aussieendeavor3679]

Seventh

[@colinhanson2133]

First

[@Comrieion]

0:06 Dang Toycat those minecraft videos really did pay off

[@putinpunhere]

Better than Fortnite

[@chistophee]

Lol

[@evelynoliver477]

Great video... It's unfair on how things have turned up to be due to the recent world pandemic things has been so difficult, We see complains here and there on social media from different people in different parts of the world. I suggest that we all should engage in different things to make money and stop hoping on the government....I'd strongly advise any newbie in trading to seek help from not just any trader but an established trading expert.

[@stonesmount5149]

I thought of investing in btc some time ago but was discouraged by my friends

[@stonesmount5149]

What's the best way to get started with trade because I've been making my personal research for a while now

[@nickjames4799]

First thing to do is to stop all form of trade and seek the help of an expert to guide you through.

[@nickjames4799]

I've been hearing alot about expert Roza Agina lately. She must be good for people to always make mention of her.

[@ronmichael7278]

This isn't the first time Roza Agina name is been mentioned as a professional expert

[@command_unit7792]

There is some talk Russia is planing to create a new gold backed currency...Possibly it would be related to the Altyn currency that is being planned as a united currency for the Eurasian Union(its planned to be implemented around 2020-2025)...I wonder how good a gold backed currency could work in the modern world?

[@putinpunhere]

I say it could work because gold was always valuable, so why stop? It's shiny!

[@mashedtomato2079]

It would probably ruin the petrodollar the US currently uses

[@AndrewVasirov]

Altyn? Doesn't that mean "Gold" in, like, all Turkic languages? Neat thing. Russia and other countries will change to gold because they no longer trust the US currency. They might be prepared for the worst-case scenario which would be the collapse of the US economy. I estimate this grand collapse will happen 1-4 decades later.

[@command_unit7792]

@@AndrewVasirov A gold Backed Currency will help the currency to be stable in times of crisis...It will still be unstable if gold prices change suddenly so it still has its issues...It also has a few other negitives with the potential of losing gold if people change their currency for gold and speculators could become a real problem...There are reasons why gold backed currencies are not popular...honestly i wonder how they are gonna manage the issues in the modern world...There are also rumors of a crypto currency but its mostly a reactions to the sanctions and i dont think they are related...but who knows...

[@AndrewVasirov]

I think the fiat currency is something in-between crypto currency and gold standard. There are always downsides with all types of currencies. The crypto currency will literally be useless when we no longer have the energy required to do transactions or when there are power outages. And that isn't backed by anything either, like the fiat money. Also, you never know how many things the others on the other end know about you. In case of a security emergency, you might become an undesirable person in your country and you won't be able to use that currency at all.

[@trenn1]

Talk about crypto currency sometime Toycat! It would be fun to hear your take on it. 🤑💱💲

[@hexon6956]

David Sukarsa no

[@shadmium3471]

I just searched up "why are some currencies worth less" I didn't realize this was ibx so I clicked on the video incredibly surprised. Serving knowledge at the same time as showing Minecraft :)

[@connortopping6943]

I hear Communism Invest Invest Invest

[@thebluefox6494]

Wait that’s illegal

[@connortopping6943]

The Blue Fox not in the Soviet Union 😂

[@thebluefox6494]

connor topping crap I forgot about that

[@zacksima8333]

You invest, you become bourgeoisie

[@zorn1745]

Please move to Wales and become a teacher at my school. I would be way more interested if you taught me.

[@blckhll1082]

Argentine legend pablo aimar played in malaysia for a bit so at least one guy was interested in that exchange rate

[@sohopedeco]

In Brazil, we have a saying, used by people who travel abroad: "Quem converte não se diverte." ("Who converts doesn't have fun") I wonder what it is like to be from a first world country and actually having more fun by converning money when traveling abroad.

[@mell7249]

Aye, a fellow Brazilian

[@EvanAviator]

I have no idea what you mean.

[@sohopedeco]

@@EvanAviator When we travel to Europe or the US, we say "who converts doesn't have fun" because if we keep calculating every euro or dollar price we pay into real, we'll get super stressed because everything is just so expensive. If you're from a rich country whose money is worth a lot, you can alway calculate how much of your own currency you are spending when you're traveling to a poor country and you'll always be delighted about how little you're spending.

[@tobi9466]

@@sohopedeco it feels pretty good :)

[@Saffy1]

In my country we have similar saying