Strong and Weak Currency: Who Benefits, Who is Hurt

What is a strong dollar?

• The value of the dollar rises compared to one or more other currencies

• More foreign currency is needed to purchase U.S. dollars

• The value of the dollar is appreciating

REMEMBER: A STRONG US DOLLAR MEANS OUR DOLLAR CAN BUY MORE FOREIGN CURRENCY!!!!

What is a weak dollar?

• The value of the dollar falls compared to one or more currencies

• More U.S. dollars are necessary to purchase foreign currency

• The value of the dollar is depreciation

REMEMBER: A WEAK US DOLLAR MEANS OUR DOLLAR CAN BUY LESS FOREIGN CURRENCY!!!!