What is the strongest currency v. the Euro?

[Mikeyboy]

My son asked me last night, "what is the strongest currency?"
And you know I couldn't think of an answer that made much sense. I said the US dollar but then he asked what its conversion rate was against the Euro (he lives in Spain) and he didn't seem all that impressed with the answer.
So what is the strongest currency against the Euro, rather than the internationally most important?


All this from a 12 year old. I don't know whether to be impressed at his interest or worry that he doesn't have more fun things to think about.

[Mikeyboy]

limpsfield said:

Mikeyboy said:

My son asked me last night, "what is the strongest currency?"
And you know I couldn't think of an answer that made much sense. I said the US dollar but then he asked what its conversion rate was against the Euro (he lives in Spain) and he didn't seem all that impressed with the answer.
So what is the strongest currency against the Euro, rather than the internationally

I think you are getting your terminology confused. Do you mean which has performed the best over recent history or do you mean which currency buys the most euros?for example, a pound buys you e.g. A euro and 12 cents. That's not a big number. Xyz currency buys you twenty euros. That is a big number. But if xyz a year ago bought you fifty euros it is not particularly strong anymore.

Edited by limpsfield on Thursday 20th January 18:47

Well for one thing the terminology comes from a 12 year old, and badly translated from Spanish into English so I'm working from that.

Also I mean neither of your examples. Currencies always trade up and down against one another, but some currencies are backed by a resource or economy that does not make the currency itself fluctuate much and that as a result the value of the currency is always "high" in comparison to the Euro or even the dollar. So from what I've read here so far the Swiss Franc does sound like a good bet for the answer.

[Mikeyboy]

DavidHM said:

Mikeyboy said:

limpsfield said:

Mikeyboy said:

My son asked me last night, "what is the strongest currency?"
And you know I couldn't think of an answer that made much sense. I said the US dollar but then he asked what its conversion rate was against the Euro (he lives in Spain) and he didn't seem all that impressed with the answer.
So what is the strongest currency against the Euro, rather than the internationally

I think you are getting your terminology confused. Do you mean which has performed the best over recent history or do you mean which currency buys the most euros?for example, a pound buys you e.g. A euro and 12 cents. That's not a big number. Xyz currency buys you twenty euros. That is a big number. But if xyz a year ago bought you fifty euros it is not particularly strong anymore.

Edited by limpsfield on Thursday 20th January 18:47

Well for one thing the terminology comes from a 12 year old, and badly translated from Spanish into English so I'm working from that.

Also I mean neither of your examples. Currencies always trade up and down against one another, but some currencies are backed by a resource or economy that does not make the currency itself fluctuate much and that as a result the value of the currency is always "high" in comparison to the Euro or even the dollar. So from what I've read here so far the Swiss Franc does sound like a good bet for the answer.

In that case it sounds like you are trying to say what has maintained the greatest PPP value over time? I don't think your question strictly makes sense because people talk about strong and weak as relative values over time. On current prices, Norway and Sweden are top of the Big Mac Index and Switzerland is third.

http://en.wikipedia.org/wiki/Big_Mac_Index

thanks yes that is what I think MY SON was driving at. I will pass this on.

Mikeyboy