Wednesday, May 6, 2009

Recession hides a boon for US Dollar

The rise and rise of the US Dollar versus major currencies around the globe, simultaneously, would be the major financial headline any other year.

One time too many, I've heard people in Australia, New Zealand, South Africa and even the United Kingdom comment as a matter of fact that the US Dollar has suffered some grievous calamity at the hands of October's completely accidental market crash. Whether the truth is unreported or we're all simply avoiding those glum faces of the mainstream media, I can't be sure. But let's set the record straight, regardless!

In the suitably menacing charts below, the colourful lines are market indexes, so you can see what happened to the USD's value versus [your currency] as the drama unfurled. The blue line is the exchange value of the USD versus [your currency], and up is a stronger USD:

[US Dollar vs. Australian Dollar]
plus 3x markets for context

[US Dollar vs. British Pound]

[US Dollar vs. New Zealand Dollar]

[US Dollar vs. South African Rand]

Alongside the US health advisory to never flee to Mexico and/or cavort with swine, I would issue my own advisory to budget 30% more than last time for your next visit to the 'States. Those nice ladies at the foreign exchange desk may be considerably less appealing.


At October 19, 2016 at 8:11 PM , Blogger Shea Kang said...

Never let go of your dreams and keep on inspiring people :)


Post a Comment

Subscribe to Post Comments [Atom]

<< Home