willtantan

willtantan t1_j6nvhui wrote

Reply to comment by Apprehensive_Floor78 in TIL tomb raiding is a big problem in China that looters sometimes find historically significant sites first. For instance the tomb of the famed 3 Kingdoms-era general, Cao Cao, was discovered in 2008 after police inspected the stolen goods of a bunch of robbers, who then led them to an unknown tomb. by Khysamgathys

The irony is Cao Cao was famous for tomb raiding. He even created a whole government agency to raid tombs, which would fund his troops.

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willtantan t1_ixyuost wrote

Reply to comment by nowjeon906 in ELI5: Who actually adjusts a currency exchange rate using global supply and demand data? by nowjeon906

I am no expert. Below is just one hypothetical scenario. Let's say you go to a currency exchange stand to buy Euro. Euro price will be set by currency exchange stand, this price will include cost of currency stand business plus FX rates from their broker. Their brokers are probably some local small banks. Small banks will trade with larger banks like Citibank. Larger banks will trade with each other to set the FX rates. Governments will also participate in interbank market to influence FX rates. So FX rates are ultimately set up by interbank market.

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