Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Need help understanding indexes etc.

  • 28-07-2012 4:34pm
    #1
    DarkDusk
    Registered Users, Registered Users 2 Posts: 914 ✭✭✭


    Hi,
    I believe it is unwise to value something based on it's value compared to something else e.g. Dollar/Euro, at least solely compared to one thing anyway. I am looking for a way to compare something like Silver to all the currencies in the world in one graph - is this the Silver index? What I'm asking is is the Dollar index a way to compare the currency to all the other currencies instead of just one? I'm new to all this so I'd appreciate any help you could help me.

    If I'm wrong about that, how can I compare Silver to all the other currencies at once (as I am gradually investing in it) instead of looking at the Silver/USD ratio, which, in my opinion, is not the correct way to value something.


    Thanks in advance,
    James.


Comments

  • #2
    DarkDusk
    Registered Users, Registered Users 2 Posts: 914 ✭✭✭DarkDusk


    bump

    I think I am wrong with the index being the strength vs other currencies... Anyone have an idea how I could to that?


  • #3
    Mr_Roger_Bongos
    Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭Mr_Roger_Bongos


    "I believe it is unwise to value something based on it's value compared to something else "

    If that's what you believe, why do you want to compare anything at all?

    For you to have a measurable instrument in currencies, it's done against at least 1 other currency. In some cases a basket, e.g. you can see how the USD has fared vs various currencies, amalgamated into 1 figure.

    If you wanted to measure what that currency was worth alone, you could look at inflation and purchasing power figures.


Advertisement