what does a strong weak dollar mean? how can I see if its strong or weak?
In: 150
Not everyone uses dollars as their money. In England, they use the Pound instead of dollars. If you went to London, you would need to sell your dollars and buy pounds so that you could buy a stuffed Paddington Bear.
The number of pounds you get for each dollar changes all the time. Right now, each dollar gets you 0.81 pounds. If you would only get 0.70 pounds for each dollar, then the dollar is said to be weak. If you were to get 0.9 pounds, we say the dollar is strong.
The way you know if the dollar is strong or weak is to look at a chart that shows the relationship. Google USD to British Pound.
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