Quote:
Originally Posted by BubblPopElectrc  Maybe I'm just dumb, but why would it effect the dollar?
Also, other countries (that I have been to) accept the dollar so what is the difference? (that sounds so rude, but I'm just curious, haha) |
Okay....curiosity is a good thing.
Since our money is currently valued at less than the Euro, Japanese Yen, Canadian Dollar, British Pound, Korean Won......it means that our money is devalued. Has less buying power.
If you were to plan a trip to one of those places, it would cost you more because their money has higher value than ours. For example, if you went to the bank to exchange your American Dollars for their currency, it would seem that you would be getting less money. It is just that their money has a higher value than ours.
If the dollar continues to decline, it will be a problem for the US as far as international business...meaning we (the US) would have to pay more for the 'whatever' because our currency is weaker.
Is that about as clear as mud? LOL I probably wasn't the best person to explain it to you.
Our dollar needs to be strong in the international market.