As shown in the graphic above, the past two years have seen nearly every major currency lose value against the U.S. dollar.One of the currencies hit hardest is the euro, which briefly fell below parity (meaning the euro was worth less than one U.S. dollar) in September and October of...
The US dollar is still by far the most dominant global reserve currency, among many reserve currencies held by central banks, but its share has been eroding for years, as central banks have been diversifying to other reserve currencies, and also to go...
Far from perfect, but some exposure better than none The three ‘Dollar Bloc’ currencies mentioned above – the AUD, NZD and CAD – might be the most popular and liquid commodity currencies but they are not the only ones with commodity-linkages. Chile’s Peso (the CLP), for instance, of...
Crypto hacking remains a persistent threat, according to an update from Chainalysis which also noted that the four years in the past decade individually saw more than a billion dollars worth of crypto stolen (2018, 2021, 2022, and 2023). According to the research report from…Read More ...
The Japanese yen is not the only currency that has been troubled recently. At the end of last year, the exchange rate of the Korean won to the US dollar was less than 1300 Korean won to the US dollar, and it has now dropped to nearly 1380 Korean won to the US dollar. On April 16...
When traveling abroad or otherwise purchasing goods and services from a foreign country, you must exchange your own currency for your destination’s legal tender. Currencies rates, also known as exchange rates, let you know how much your domestic dollar is worth in another country. The ‘stronger...
Why would a cheap dollar relative to other nations' currencies be good or bad for US trade?Question:Why would a cheap dollar relative to other nations' currencies be good or bad for US trade?Currency Devaluation:When the dollar devalues, it means that it can p...
So when China's currency the yuan was devalued(贬值)against the Us dollar for three straight days in mid-August,the world felt the effects. As CNN put it: "If China sneezes(打喷嚏), the world catches a cold." Why does it matter so much? The exchange rate is the t...
7 Currencies Worth More than the US Dollar Table of 7 Currencies Worth More than the US Dollar 1. Swiss Franc: 1 CHF = 1.15 USD TheSwiss Franc (CHF)to US Dollar (USD) fluctuated between 0.9862 and 1.13 from June 2022 to June 2023. The lowest exchange rate was observed on November 3rd...
EUR/USD is a currency pair for trading the euro against the U.S. dollar. When one or both currencies change in value, one trader's stake is worth more and the other trader's stake is worth less.