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

Much of it is trust. Currency that is stable over decades earns the trust of people. You have $1000 USD and you figure in a decade could still use it and buy decent amount of things with it. Compare that to Turkey or Argentina over the past decade and why people may be wary of trusting those currencies.