Parity of currency of any two means of the countries, among dealers, equivalence of certain amount

Parity of currency of any two means of the countries, among dealers, equivalence of certain amount (coin) currency of that in (coin) the currency of another, assuming currencies and to have exact weight and the cleanliness established by corresponding mints. An exchange nominal rate between the Great Britain and the United States 4.862? 3; that is? 1 sterling costs 4.862$? 3. The exchange is specified daily in New York and other city newspapers at 4.87, 4.88, 4.88?, Etc., for accounts of a kind and on higher norm for six-ten-day accounts. Business men who are accustomed to supervision of fluctuations in exchange rates to use quotations as some kind of a barometre to predict trading conditions. Import and ingot export (nonfictional gold) are the real test of an exchange. If the ingot is not constant, flowing neither in, nor from the country, its exchanges as can really speak, face value; And on the other hand, if the ingot is exported from the country, it is the proof, that an exchange against it; and on the contrary if there to be the big import.