Exchange Rates

To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate. Avoid exchanging money with countries that spend more money than they bring in with advice from a financial consultant in this free video on currency exchange. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu

China is manipulating its currency, proclaims incoming Treasury Secretary Geithner. Talking about manipulation is helpful only if ones intent is to impress a local and insult a foreign audience. More productive may be plain talk – the US and China could issue a joint statement along the lines of: China and the US agree that both will act in their respective self-interest in setting exchange rate policy.