CURRENCIES. What’s in your wallet?. How many currencies are in use around the world?. 178. Has anyone traveled out of the country?. You may have had to convert dollars into a foreign currency and/or convert the foreign currency back into dollars. Does anybody know how to convert currency?
What’s in your wallet?
How many currencies are in use around the world?
0.7806 / 1 = $1.281
1.00 ARS = 0.253100 USD
0.2531 / 1 = 3.951 Argentinean Pesos
CONS AGAINST a WEAK US DOLLAR
Expensive for U.S. businesses to import goods. Price increase gets passed to consumer = HIGHER PRICES
More expensive to travel and study abroad.
Less foreign investment in U.S. Treasury’s.
CONS AGAINST a STRONG US DOLLAR
Foreign businesses are less likely to import from the U.S.. Our goods are more expensive relative to other countries.
U.S. companies sales drop because of reduced exports
U.S. Farmers are hurt because goods are cheaper in other countries.
U.S. Trade deficit increases because we are importing more than exporting