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

You can go to almost any country and they know what a dollar is worth. The fact you can use it everywhere is what makes it so powerful.