what does a strong weak dollar mean? how can I see if its strong or weak?

439 views

what does a strong weak dollar mean? how can I see if its strong or weak?

In: 150

14 Answers

Anonymous 0 Comments

The easiest way to think of it is: If you went to another country on vacation would you feel rich or poor? Lets say a meal costs $20 dollars in the US and &20 dollarydoos in Australia. If you can exchange $10 for &20 then it feels like you are getting the meal at half price. If an Australian comes to the US then they have to exchange &40 for $20 and it feels like the meal costs twice as much. In those examples the dollar is strong, if you flipped it the dollar is weak

You are viewing 1 out of 14 answers, click here to view all answers.