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Currency Exchange Introduction

1420 ratings | 532117 views
Introduction to how exchange rates can fluctuate More free lessons at: http://www.khanacademy.org/video?v=itoNb1lb5hY
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Text Comments (202)
Vladimir sonin (7 days ago)
Yes give a double chin to the girl
Barry Soetoro (1 month ago)
He graduated from MIT and worked as hedge fund analyst...finance is his bread and butter...I know he does tons of videos on other topics, but this series is his most insightful....he’s taking his time b/c people think they understand currency....but they don’t. Good job sal
James Ward (1 month ago)
Dude pay some else to explain. You are trash at it
Chaitanya Reddy (2 months ago)
Thanks for this video .Simply superb and quiet easy to understand
Mehmet Ali K (3 months ago)
1001 or 1000 yuan
Michael Smith (3 months ago)
I found a nice tool https://calccrypto.net, that allow to calculate rates for almost all currency available in the world and even for cryptocurrencies.
Paul Renzi (3 months ago)
Mustache.. and maybe a hat as well.
Jamie Wu (4 months ago)
way to butcher the yuan
Jia Sheng Loh (4 months ago)
The way you're pronouncing yuan is srsly tilting me. Do some actual research before you present a lesson ffs.
Thomas (4 months ago)
My Econ teacher at SMUS says "won" for Chinese currency too. It's probably because the consonant "ɥ" does not exist in English.
Neoism888 (5 months ago)
Best watched at playback speed 2x
CALEB MOW WEN QIANG (5 months ago)
hes done a good job at explaining so dont judge
Çikolatalı Puding (4 months ago)
CALEB MOW WEN QIANG Judge for what
Timothy Bedell (6 months ago)
as of 02112018 1$ USD = 6.29525 CNY
Syed Fahad Quadri (6 months ago)
Not benefitted at all.... am I the only one who thinks Khans academy's teaching methods aren't gud?
Soyosan22 (6 months ago)
Yuan is not pronounced 'Wan'!
Mark Nepal (7 months ago)
It’s actually Sal Khan’s voice!
laurence mendoza (7 months ago)
try this currency exchanger and monitoring https://goo.gl/beumEq
TF Chris (8 months ago)
''-and maybe a hat as welllll...'' lool
Amber N Sally (9 months ago)
It is hard to follow when you repeat yourself so often, but thank you for the videos
Samarth (9 months ago)
Wtf.thisvideo isnt more than 3 minutes ( co tentwise)
Maribel Koch (9 months ago)
Let me tell you the utimate software to win forex trading is Forex Profiter. Simply google "Forex Profiter V3.1".
DarthYan (5 months ago)
It's interesting how you used russian accounts
Luke (6 months ago)
Maribel Koch - look at you spamming the account.
really nice.
Ricky Kelly (8 months ago)
Amazing At last worked
Sonya Reeves (8 months ago)
Great.. It helped everybody..
everyone complaining how he spelled yuan wrong, but i complain about that yellow guy having 2 mouth
Drift (1 year ago)
( ͡° ͜ʖ ͡°)
Drift (1 year ago)
( ͡° ͜ʖ ͡°)
Rabie HABTAH (1 year ago)
Please why PPP is a building block for almost all exchange models ??
Yoo-an
Hoansbuckler (1 year ago)
Rehearse next time can't stand watching this man make it up as he goes
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Buddy A (1 year ago)
Good video, very helpful.  To previous commenters does it really matter if he was using "Yuan" or Dollars of potato chips.  Let his pronunciation of Yuen go.  Thanks for the help.
Ebrahim Mamsa (1 year ago)
Currency exchange is the biggest business in the world now. It is the largest capital market known also by foreign exchange. It is not hard for people to enter this business they just need a foreign exchange broker. My broker is ECNCAPITAL who help me with my trades. And they always try to make sure that their clients can manage profits by their trades. They also help to reduce the risk of their clients’ trades.
getreadytotube (1 year ago)
Wow you made this easy to understand
Muhammad Fadhil (1 year ago)
this trading concepts is called riba, you know guys, it is prohibited by our God
Muhammad Fadhil (1 year ago)
yes of course, there is no books like that in that era (islam golden era), because we do not need capitalism or any other trade formula, our God already give us a the best economy system that He guarantee that there is no injustice in it
veritas aequitas (1 year ago)
Muhammad Fadhil so you claim that islam knows about finances and trade hmmmm I just wanna educate you bro read hadeth and quran you only gonna find zakat jizzya and slave trade no economic theories or capitalism you also not gonna find any trade formula no economist in so called islamic golden era nor books like wealth of a nation get educated bro get out of dark ages and islamic banking scam
Muhammad Fadhil (1 year ago)
it is one of interest brother
Carl O (1 year ago)
"You-awn" ...won is korean
Abhijeet Agarwal (1 year ago)
This is not a actual class its YouTube make the video as compact as possible.
lostatsea775 (1 year ago)
Yuan or Renminbi
iReece07 (1 year ago)
Man who fuckin cares why the bloke with the moustache needs to convert his money?! You don't have to explain that - just get to the math bra.
musicalidea (1 year ago)
Nice lesson but the incorrect pronunciation of Yuan is highly grating. It should be pronounced "Ywehn," like the English word "when" with a "y" added as a prefix.
Prashant Mani (1 year ago)
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Chitaranjan Dev (1 year ago)
Yes I accept what the previous commenter have written - definately not as easy than it sounds to profit online and you may be likely to make a loss. You should be aware of this and get help from others who have traded for years. I looked round a few sites and discovered some expert advice by searching google on websites like Trevs Exchange Tactics. Good luck and hope you profit soon!
Mr. Awesome (1 year ago)
Thank you for thiz vid!
RedKing Marcus (1 year ago)
Thааnks
Tim Garland (1 year ago)
Thank you for your clear explanation. :)
Maximilian Pohlmann (1 year ago)
5:48 "ONEthousand YUAN that WANts to be traded." I lost it :D
Saunak Roy Choudhury (2 years ago)
This guy means to say 100 Yuan but ends up saying 101 i.e. one hundred one and not one hundred yuan
Black- (2 years ago)
You repeat everything you say when you are writing... -.-
RedKing Marcus (1 year ago)
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Alpha Omega (2 years ago)
Thanks Mr. Khan, however, I still believe that there are plenty of currencies manipulations in the market and there is no way that one nation can control the world currencies...not the US, China or Russia.
HasYT (2 years ago)
Thanks so much you have helped me understand currency rates a lot more mr Khan. Can you convert other foreign currencies aswell? Hugely appreciate the grade you've changed in my maths exams, I got A* in my maths GCSE. Keep it up! 👍👍
Yash Chandwani (2 years ago)
Hey Mr. khan you are doing a great job by posting these videos. A big thank you for that. And I have a question that why there should be equal supply and demand? And why can't we just buy it for a standard rate of exchange which never changes? these are 2 independent questions.
Yash Chandwani (2 years ago)
+Toby Lam thanks
The Greenone (2 years ago)
the same reason why diamond is expensive, and apple are cheap
The Greenone (2 years ago)
if the supply is scarce, the demand is high (or vice versa)than the price or exchange rate will differ
Syvc Thr (2 years ago)
People still convert if it's really needed to. Is it ok to say that the demand of exchanging by both side affects the rate?
THE SIXEYE (2 years ago)
But why would there be a big demand for yuan?
John Theofylaktos (2 years ago)
+FORTHEEMPIRE Exports, tourism Etc
Sean B (2 years ago)
Yuan is pronounced 'you'-'en' or 'ywen'. Won is Korean currency.
Adam Tan Yuan How (2 years ago)
+John Bracken THANK YOU
onee (2 years ago)
Hey Khan, the person who translated this for you from English to Dutch kept using (Japanese) Yen, instead of (Chinese) Yuan. Could you please correct this. In Dutch Yuan is also Yuan, not Yen.
underground (2 years ago)
Not certain about the points made but ,if anyone else needs to find out about forex trading plan try Loctavan Amazing Exchange Strategy (Have a quick look on google cant remember the place now ) ? Ive heard some super things about it and my co-worker got cool success with it.
Gamer Life (2 years ago)
nice
vivien leigh (2 years ago)
my headphones suck
Abhishek Ravindra (2 years ago)
I am just 14 and i understood this hard topic and now I am feel that I am a 'Superman'.
BoneFrame5 Islam (5 months ago)
Abhishek Ravindra im 12 dude!
NZ Shares (2 years ago)
How boring is this omg zzzzzzzz
carlo bueza (3 years ago)
You got a nice point on what is foreign exchange. I also found a great tool in foreign exchange. It is called grathaw trade predictions expert. Go google it for more info!
dan qq (3 years ago)
lets say. lets say. lets say. lets say. lets say. lets say
nikola nikoloski (9 months ago)
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Rocky wart (1 year ago)
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TmoneyJones305 (3 years ago)
I felt like you were fuckin with us at the beginning lmao, like after setting up the stage gonna say "all these people will go to the currency exchange... the end"
Kevin Delrosario (3 years ago)
get to the point.
Brandon Wong (3 years ago)
Yoo-en not wan... seriously...
John Franey (3 years ago)
+Brandon Wong hu fokin cares
John Franey (3 years ago)
+Brandon Wong hu fokin cares
unspecified I. (4 years ago)
Yuan (yoo- en)  translates roughly into "buck" renminbi translates into "the people's money"   Renminbi is then refers specifically to money from the PRC while a yuan can be from any country.
Michael Li (4 years ago)
Nice video, but I think you should first give a quote, like conclusion and then explain us the meaning of that conclusion, so we can understand better and faster. P.s. Just a personal opinion, still a good vid
zhenting zhou (4 years ago)
it's not won, it's more like...say the word, "you" and "end" really fast with out pronouncing the d..."you-en" 
Vladimir Putin (3 months ago)
zhenting zhou correct
alexcalaunan (5 months ago)
i like your explanation cuz it tells me to end, and man do i wish to end right now
Manaickiller Draciaux (1 year ago)
People get Triggered because you say the word, for example "tarot" Wrong, Just accept it people are stupid but smart.
Jeffrey Li (2 years ago)
+CHURINDOK Thats actually not too far off... a surprise to me personally.
CHURINDOK (3 years ago)
+zhenting zhou or say U.N.
pari maharjan (4 years ago)
It's a shame for you not to make good money -- when these regular people do it so easily. Go google Candid Cash Code to see how they do it.
TheAndySeoul (4 years ago)
yuan. not won.
이현구 (4 years ago)
U should have explained which point these two currency hit the balance
Vicki Bee (4 years ago)
And another thing: The exchange rate has already been set by someone, so I don't understand this video anymore based on that evidence.  My trader friend said it's already been set on a site called exchange, dot com. That's where I can check to see if he's right. I don't need to check, but did anyway and not surprisingly he was right. He does all this crap in his head and makes me feel more stupid than anything. 
Vicki Bee (4 years ago)
I have a little "problem" and I need an answer to it. WHY on earth does 10000 North Korean Won yield higher results when exchanging it for US dollars than the SOUTH Korean Won? One country is supposed to be our friends but their money is worth less per dollar than the enemy country. Why oh why IS that?  My friend told me 10000 South Korean Won is about $10. 10000 NORTH Korean Won is about $75. Should my brother go to North Korea to give me money? Why is our ally's exchange rate so damn terrible? That disgusts me.
Houssam Zak (4 years ago)
Good question ! The answer is that it depends on the purchasing power of a currency... the number of units of currency that result from an exchange does not matter. You surely wont be able to buy as many goods and services with 10000 North k Won than you would be able to buy with 10 000 South K Won. You have to look at the purchasing value... south korean won is closer to US dollars because both are close in purchasing power
joe martin (4 years ago)
The spam bullshit on Youtube won’t help anyone to make money. I got tricked. To look at honest paychecks look at the Zutore Cash System site (Google it) and just forget about every one of the tricks around!
Manpreet Aulakh (4 years ago)
Iraqi dinar was worth more than the US dollar before the war.
Vicki Bee (4 years ago)
The stupid lady at the bank told me my Iraqi money was "useless for being made into money." And this was in 2003, when my brother gave it to me to make into money. I was so upset I couldn't believe it, but I kept all the money. In case she was full of noodles, I'll have it if it ever DOES become "useful." Not that I can see how anything with Hussein's face on it could be useful, but I don't want to burn my bridges, so to speak.
Vicki Bee (4 years ago)
I finally figured out what my friend was when he worked at the World Trade Center. That's b/c he's visiting me right now and told me: He was a trader. I should have just asked him what that means but I was afraid he'd find me REALLY stupid. So I didn't ask. He knows what this video is about and thinks it's self-explanatory. Maybe for HIM it is. Not for me.
edward r.arnolds (4 years ago)
Hi! Thank you for this useful video. By the way, I hear many people keep on talking about Mobofelax Forex System (do a google search), but I'm not sure if it is really good. Have you ever tried Mobofelax Forex System? I've heard several amazing things about it and my cousin earn crazy amounts of money with it, but he refuses to tell me: (
DMSuja (4 years ago)
Dear Khan Acadamy, You rock! I've been wanting to understand this for such a long time, and you made this SO MUCH easier to understand. Best wishes to you :)
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phimmaks (5 years ago)
It's actually called yu-an
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Ibnziyad Tariq (5 years ago)
khanacademy. you are Genghis khan of economics!!!
hongyu sun (5 years ago)
It's yuan not won ....
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Dale Murphy (5 years ago)
I can literally type in anything I have trouble with + khanacademy into the search bar, and I get a video for it. The man's a legend.
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standupent100 (5 years ago)
thts nt fair though she might be able to click her mouth faster because she has experience in oral sex, this is bias
Brandon evertz (5 years ago)
Aus $?
spj (5 years ago)
2000 Yuan: Space Odyssey
diodoro73 (5 years ago)
for one, if the Japanese want to do business w/ Mexico then Japan will have to buy much of its currency so the demand for the the Mexican peso would rise
Peter Gabriel (5 years ago)
I think the opposite Rib. Since we live in a few countries (use 3 dif. currencies). It applies more and more to expats. Your view is egocentric. I believe the currency trade info is one sided in that it is for investors who use currencies online and not in real life/buying property/goods/stocks.
Adriana Razo (5 years ago)
Thank You for making it so easy to understand.
Silverz0 (5 years ago)
omg this means that new nike's are gonna be wayyyy expensive D:
vaea kedal (5 years ago)
Thank you it is good but just a bit slow :)
DutchKid121 (5 years ago)
lmaoo
altec323 (5 years ago)
Maybe he explains it for 12 year-olds ;)
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