Currency Value! Why is it different in all countries?

India
January 20, 2007 5:20am CST
Hey do you know there are more than 200 different currencies! But what i really wanna know is, why is the currency value different in every country? Who has the right or who decides on these currency values. A US Dollar (1 USD) is equal to Rs. 44.276 and an Indian Rupee (1 INR) is equal to $ 0.0226 Why such a vast difference? which is the Currency with the highest value?
1 response
@lilaclady (28240)
• Australia
20 Jan 07
yes I would like to know that too, it would make life easier if it was all the same wouldn't it...
• India
20 Jan 07
Absolutely right! it will make life easier too and might be ppl wont travel much for work in other countries. they will only travel for leisure & fun!