Country Review by Forex Rates
Forex rates had a conversation with client where Forex rates found that the client having very less knowledge about the developed and developing country, see this is very critical topic and hence more knowledgeable.
Just assume “A” is some country and people of that country are 100 in populations
So if average income of every person of “ABC” Country is high (for example $12,000-$15,000) and when GDP,GNP is also high then we can say that “A” is in the category of Developed Country.(Example: Australia, Switzerland…)
But Say suppose when GDP, GNP is also Low and the average income of every person of “ABC” Country is Very Less (for example $1-$2) then we can say that “A” is in the category of Developing Country. (Example: India, South Africa…)
From above description, Forex rates gives you basic idea that how anyone can judge in between the developed nation and the developing nation.