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I wonder why people don’t use something “a multi-buck”. A multi-buck would be something like $1 USD + £1 + €1 + ¥1000. That would isolate you more from volatili
by Pet_Ant 6y ago
I wonder why people don’t use something “a multi-buck”. A multi-buck would be something like $1 USD + £1 + €1 + ¥1000. That would isolate you more from volatility. It’s useful for European companies if the dollar goes yup it minimizes the effect. Likewise for American companies. Guaranteed some movement but it seems like fairer than doing deals in a single currency.
- xtacy 6y agoA multi-buck is essentially an SDR / Special Drawing Rights: https://www.investopedia.com/terms/s/sdr.asp https://www.investopedia.com/terms/s/sdr.asp
- biolurker1 6y agoYou are describing Facebook diem