Take the US dollar for example. I was reading an article which said the dollar reached new highs recently, but there was a negative connotation to the piece. Doesn’t something “rising” generally mean it’s “stronger”? I usually think in terms of assets like stocks
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Would you give me $1000 if I offered you 800,000 Nigerian Naira? Probably not. Because you won’t be able to use them to buy things. You have to find someone else to take them and give you back US dollars, and since they’ll have trouble using them too, they’ll probably give you less than what you paid for them for that reason.
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