How does it help? Or does it not? Who does it hurt? How does all of this work?
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Look for how much of a particular foreign currency you can sell your dollar for today, compared to what you could have sold it for a few months ago.
E.g. Today, if you sell 100 dollars, you can get around 103 euros. Back in March, you’d have got less than 90.
And today you’d get around 710 Chinese yuan. Again in March you’d have got around 640.
So over the past few months the amount of euros and yuan you get have increased.
Either the dollar is “stronger” and you can buy more foreign currency than you used to be able to (usually strong performing economy or political news making the dollar a safe investment – more buyers equals higher price)
..Or just those foreign currencies are “weaker” (sort of cheaper) (again, maybe because of poorly performing foreign economy or political news making that currency a risky investment – more sellers equals lower price).
Usually it is a combination of many things!
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