Why is the U.S Dollar so much stronger than a majority of other currency around the world?

Question

I have always wonder why its so much stronger ? when you go to Japan, everything is cheaper in a sense and the U.S dollar means more in Japan. Why is that ?

In: Economics

Answer 1

In a few words, because it’s the World’s reserve currency, and that’s because the US does a lot of trade and because investors, governments and citizens of the world have faith in the institutions of the US Government.