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

The US is the biggest economy in the world, one of the most stable. And as a result, the US dollar is sort of the world’s default currency. All that gives it stability.