21-04-2022
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#5
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Wild Poster
Karmadev is offline
Join Date: Jul 2005
Posts: 2,543
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Quote:
Originally Posted by jay999
Call me crazy but my take is...
To save the dollar, the Russo-Ukrainian War is a key factor..Why??
Destabliser Russian oil
Control the market, push the dollar forward.
Or the Chinese and Russians will take over?
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Dollar will lose value not collapse.
Indian rupee could over take the dollar internationally it is possible!
If you have time read the following:
Reading: Strengthening and Weakening Currency
Quote:
Strengthening and Weakening Currency
When the prices of most goods and services change, the price is said to “rise” or “fall.” For exchange rates, the terminology is different. When the exchange rate for a currency rises, so that the currency exchanges for more of other currencies, it is referred to as appreciating or “strengthening.” When the exchange rate for a currency falls, so that a currency trades for less of other currencies, it is referred to as depreciating or “weakening.”
To illustrate the use of these terms, consider the exchange rate between the U.S. dollar and the Canadian dollar since 1980, shown in Figure 15.3 (a). The vertical axis in Figure 15.3 (a) shows the price of $1 in U.S. currency, measured in terms of Canadian currency. Clearly, exchange rates can move up and down substantially. A U.S. dollar traded for $1.17 Canadian in 1980. The U.S. dollar appreciated or strengthened to $1.39 Canadian in 1986, depreciated or weakened to $1.15 Canadian in 1991, and then appreciated or strengthened to $1.60 Canadian by early in 2002, fell to roughly $1.20 Canadian in 2009, and then had a sharp spike up and decline in 2009 and 2010. The units in which exchange rates are measured can be confusing, because the exchange rate of the U.S. dollar is being measured using a different currency—the Canadian dollar. But exchange rates always measure the price of one unit of currency by using a different currency.
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https://courses.lumenlearning.com/su...ning-currency/
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