ABSTRACT
Do you know how many Philippine pesos, South African rand, or Peruvian nuevos soles you can get for a U.S. dollar? No? If you traveled to one of these countries, you might be surprised to find out that the average person on the street in any city can often easily quote you the going exchange rate between their currency and the U.S. dollar. People in smaller economies have always been very vulnerable to international economic conditions and hence make it a habit to stay current on the rate.
