what does a strong weak dollar mean? how can I see if its strong or weak?
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I think there’s two meanings. One, a basket of goods comparison: how much the same things cost if you exchanged a certain amount. If you go to Mexico with US dollars and you can buy more cheeseburgers, cars and houses (when you exchange those dollars for pesos) than you can in the US with your dollars, then the US dollar is strong compared to the peso. But also, strong/weak refers to how a currency has changed over time. If a currency has gained in value over the last six months, then people may refer to it as “strong” referring to its recent change rather than comparing to a basket of stuff.
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