How the U.S. dollar’s value compares to other currencies

Image result for How the U.S. dollar’s value compares to other currenciesIt might sound counterintuitive, but not everyone is a fan of a strong U.S. dollar.

It’s generally greats news for Americans who are heading abroad to countries with weaker currencies, because they can get more bang for their buck. But on the flip side, items can be more expensive for foreign companies doing business with the United States and international visitors (which in turn can hurt the U.S. tourism industry).

President Donald Trump has previously railed against the strength of the U.S. dollar, arguing that its value versus weaker currencies could make the United States less competitive.

“I want a dollar that’s great for our country but not a dollar that’s prohibitive for us to be doing business with other countries,” Trump said back in March.

He even met with economic advisers this week to discuss devaluing itbefore ultimately deciding not to interfere with U.S. currency markets.

Here’s a look at how the U.S. dollar stacks up to the currencies of America’s top trading partners based on data from the Federal Reserve:

U.S. dollar relative to China’s yuan

U.S. dollar relative to the euro

U.S. dollar relative to Mexico’s peso

U.S. dollar relative to Canada’s dollar

U.S. dollar relative to Japan’s yen

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

[“source=marketplace”]