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

@carlosmagalhaes7109

5 жыл бұрын

The only currency backed by nukes

@srirambettagere6000

5 жыл бұрын

Raio Privatizador you mean the only nukes backed by currency

@heinzmustermann8416

5 жыл бұрын

I see what you did there 😏

@TAILSORANGEs

5 жыл бұрын

Wooo... Punny.

@fxraontouchedmyppimonly1483

4 жыл бұрын

Yeah because you can make 1 Kim bucks worth 9000000 money

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

@putinpunhere

5 жыл бұрын

Better than Fortnite

@chistophee

5 жыл бұрын

Lol

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.

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

@putinpunhere

5 жыл бұрын

...anymore.

@ibx2cat

5 жыл бұрын

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

5 жыл бұрын

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

@DizIzChuvak

5 жыл бұрын

I still get 50 kopeks quite a lot in stores

@silvesby

5 жыл бұрын

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.

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

5 жыл бұрын

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

@mashedtomato2079

5 жыл бұрын

It would probably ruin the petrodollar the US currently uses

@AndrewVasirov

5 жыл бұрын

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

5 жыл бұрын

@@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

5 жыл бұрын

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.

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

5 жыл бұрын

LMAO moneymoney

@fjellyo3261

5 жыл бұрын

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

@samhelinski1855

4 жыл бұрын

second channel, don't care.

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

@arwelparry7529

5 жыл бұрын

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

@sharathgowtham2157

3 жыл бұрын

It doesn't represent the strength of a currency

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

5 жыл бұрын

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

@myself4128

4 жыл бұрын

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

@cupule_acorn

4 жыл бұрын

Bitcoin?

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

@ibx2cat

5 жыл бұрын

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

@chriswall27

5 жыл бұрын

@@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!

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 :)

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

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!

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.

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

5 жыл бұрын

Aye, a fellow Brazilian

@EvanAviator

5 жыл бұрын

I have no idea what you mean.

@sohopedeco

5 жыл бұрын

@@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

3 жыл бұрын

@@sohopedeco it feels pretty good :)

@Saffy1

2 жыл бұрын

In my country we have similar saying

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

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

3 жыл бұрын

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

@stonesmount5149

3 жыл бұрын

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

@nickjames4799

3 жыл бұрын

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

@nickjames4799

3 жыл бұрын

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

@ronmichael7278

3 жыл бұрын

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

More Economics with Toycat!

Just a fun fact - the Japanese did at some point have 1/100 Yen Coins (the sen) and also 1/1000 yen (the rin). They just abandoned those.

zimbabwe started a new currency in june lol.

@mohammedraheem6288

5 жыл бұрын

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

This was an amazing and informative video. I watched every second and gained some brain cells *hits the woahh*

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

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

thank you for this video. its currently on repeat

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

@TheSecretCoinGD

2 жыл бұрын

Its prob about a dollar or 1½?

I recommend the book "Naked Economics: Undressing the Dismal Science"

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

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

@mohammedraheem6288

5 жыл бұрын

If there's post scarcity.

“As it seems” got me dying 😂

You know shits getting real when a minecraft youtuber teaches you economics better than school

What were the advantages and disadvantages of the gold standard? Why was it created, and why did currencies leave it?

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

4 жыл бұрын

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

4 жыл бұрын

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

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

The most interesting exchange rate is IMO the CHF-USD exchange rate. They are almost 1:1, sometines the USD has more value and sometimed the CHF. Very interesting and also easy to compare prices when I went to the US

@thebluefox6494

5 жыл бұрын

Right now1 Swiss franc =1.02 USD

@waycoolscootaloo

4 жыл бұрын

@@thebluefox6494 And now it's worth $0.98 USD just 3 weeks later. LOL!

@thebluefox6494

4 жыл бұрын

Scootaloo that’s pretty cool

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.

Great explanation!

@ibx2cat

3 жыл бұрын

Glad you think so!

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

@hexon6956

5 жыл бұрын

David Sukarsa no

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

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

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?

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...

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

Why can you still feel rich going to Mexico exchanging US dollars for pesos? Why can a native new yorker feel rich in rural Nebraska? What causes these differences? There’s something else going on.

@KanyeTheGayFish69

5 жыл бұрын

LincolnAbraham rural Nebraska’s not poor or anything

@allegrablack1583

5 жыл бұрын

That’s psychology

@lincolnabraham4695

5 жыл бұрын

sasquatch 747 no but things are cheaper there

@lincolnabraham4695

5 жыл бұрын

Allegra Black it’s definitely not. Look up the cost of living and it’s cheaper to go to 3rd world countries. If currency conversion doesn’t take this into account, what is it based on?

@mohammedraheem6288

5 жыл бұрын

@@lincolnabraham4695 Possibly quality of life. If a country has better living standards than your country then u'd be willing to give more of ur currency in exchange for theirs and visa versa. Supply and demand.

0 cave Updates: 2 Combat updates

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

Just a question: when the value of your currency increases from other countries currency does that mean an improvement in the economy or is it generally good or does that mean the economy of the country gone down? Or does the economy of the country has something to do with it ? Let's say for example like a U.S. Dollars are worth 49.04 Philippine pesos as of the momment, but few months ago, 1 U.S. dollar cost 53 Philippine pesos. What determines this change and should I be happy or sad when 1 U.S. dollar is equal to more than 53 pesos or in other words should I be happy or sad if the cost increases??

Can you come visit San Diego and Tijuana? I will show you round

That's silver, Andrew.

@surprisedpikachu4589

5 жыл бұрын

@@GreenCatTV *don't care

@surprisedpikachu4589

5 жыл бұрын

@@GreenCatTV aaaaayyyyyy

nice video. :)

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

I hear Communism Invest Invest Invest

@thebluefox6494

5 жыл бұрын

Wait that’s illegal

@connortopping6943

5 жыл бұрын

The Blue Fox not in the Soviet Union 😂

@thebluefox6494

5 жыл бұрын

connor topping crap I forgot about that

@zacksima8333

5 жыл бұрын

You invest, you become bourgeoisie

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).

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

5 ай бұрын

Yes! You're a genius!!

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

love this

The gold letters are very hard to read. Is that just me?

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

pls explain why diff currency have diff value instead of beatin around the bush

Thanks Dwight!😄

oh wow a currency video just yesterday i was thinking " why doesn't canada and australia and new zealand use the british pound?" i guess because they're all in different areas and its easier on themselves.

@mashedtomato2079

5 жыл бұрын

Or... you know independence, if you use the money of your former colonial overlords, if seems your still under them

@MasterFalkner

5 жыл бұрын

i don't really consider those countries independent because they all share the British monarchy plus Jamaica and others as well. idk i'm american i dont live in the commonwealth.

@xaverlustig3581

5 жыл бұрын

@@MasterFalkner They used to use versions of the British pound when they were still part of the empire, but they created new currencies when they became independent. In some cases the new currencies were also called pound, some of them remained pegged to the British pound. But when the Australian and New Zealand pounds were decimalised, they made it a point to rename them to dollars - at least that's how one New Zealanders explained it to me.

@theturkanabus3610

5 жыл бұрын

@@MasterFalkner don't worry, you aren't missing anything, the Commonwealth is the most useless organization in the world

@mohammedraheem6288

5 жыл бұрын

They could create a new currency called the Winsoro, like the Euro and Afro.

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

3 жыл бұрын

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

your pimple is staring at me

ibxcat u have golden teeths too 🤣🤣

The background is that your room?

@krateproductions4872

3 жыл бұрын

Yup. He is so rich 😆

When that happens the world would end

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

Nice use of cool texts 😎😎😎

It’s tied to their overall Economic Health and GDP

@simonsimon2888

5 ай бұрын

'Sick' Economic Health is known as 'COVID-19' in 2019 approaching the perfect vision of 2020.

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

5 жыл бұрын

@@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

5 жыл бұрын

@@marknaughton no not for me personally

@christophermelville7654

5 жыл бұрын

@@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

5 жыл бұрын

@@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

5 жыл бұрын

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.

Money is a great way to buy things

6:07 start of explanation

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!

Who sets the value?

You are really smart

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..

Isn't this the guy who makes minecraft video?

are those hickeys

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

@ibx2cat

5 жыл бұрын

I have, just the one time though :)

@christophertito8118

5 жыл бұрын

@@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

5 жыл бұрын

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

Just look at the camera stop looking behind me

Iran doesn’t have rial. They have tuman

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

Why is GBP going down for decades?

Vary nice understanding about how different Human Resource worker's in different cultures made a understanding where currency works in time and different jobs. That's amazing. I am thankful that United States of America had made a understanding with food stamps to help out with food. A Universal currency interesting, World Money can happen with a understanding. With the help from Human Resource worker's we can find the right amount each month for a fast making food's like some good ones can be a fish sandwich or a egg sandwich, and water. A small meal a day. No matter how many different culture's in the world food is good it helps us live together. Currency is a art on paper or coins, this is why old art is expensive and new art. Even old currency and misprinted currency is expensive. World Money can have a look with all the countries holographic front and back with Sun in the front and Moon in the back. Word's on it. In God We Trust . Front and back only words on it. God made food for all Humans. It does not have to be in English, different Cultures has different languages God made Unique was we talk to each other to understand God is there. That's okay we have Human Resource worker's all over the world, It is how we work together in many different job's. By having this World Currency we can end hunger and work together stronger. Why a small meal? Cattle animals take time its not fast. Like different fishes that reproduce fast, and eggs are vary fast. Wheat can be grown all over the world. That can lead to more Job's so we can work together.

@down2beleived2b5

4 жыл бұрын

Why sun and moon, day and night i get hungry.

I want to write the currency

ow my eyes

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.

A single Bitcoin is worth around 400000000 Iranian Rial

bretton woods system

@mohammedraheem6288

5 жыл бұрын

What's that?

$

Can you look at the camera...?

I recommend less substance abuse but good effort.

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

But why £1 British Pound is worth more than $1 US dollar? As of now 1 Pound can buy 1 Dollar and 40 cents (£1= $1.40). I still don’t understand that, even though the US economy is much greater than the UK economy. 🤔

@elias8294

3 жыл бұрын

because there are less British pounds circulating than US dollars

@paulhernandez8414

3 жыл бұрын

@@elias8294 makes sense. Thank you 😊

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

@omkarnagarhalli5217

5 жыл бұрын

He doesn't talk about them

@justas6235

5 жыл бұрын

Understandable have a nice day

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

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

Istg ive seen you in a Minecraft video

yes minecraft youtuber

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.

Invest in Venezuela😂😂😂

Next week on toycat: why do things exist?

@chriswall27

5 жыл бұрын

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