The British pound is worth almost double of the dollar and the dollar is worth only about 73 cents when compared to the Euro. Why isn't this in the headlines each and every day!!!!
2007-03-28 07:35:40 · 3 answers · asked by wanninonni 6 in News & Events ➔ Current Events
Stamp! What about gas prices rising again!!! Just in time for summer!! Any way they can stick it to us they will!!!!
2007-03-28 07:49:18 · update #1
Sure, The Brits can visit here and have a cheap vacation, but if we want to visit them -- - LOOK OUT!!!!!
2007-03-28 07:50:31 · update #2
It makes sad because by the time I am a senior citizen ... all my savings would be nothing! So I am going to spend it before the next inflation! How do you feel about the stamps going up in price?!
2007-03-28 07:43:47 · answer #1 · answered by Born awesome! 1 · 0⤊ 0⤋
Devaluing the currency makes it generally easier for a country to export its goods, since they will seem less expensive on the foreign market. Having American products seem cheaper to Europeans will likely mean that they are more likely to buy American, and Americans will perceive the products of EU/British companies as expensive.
This has long been a source of negotiations between the US and Korea. The Korean government devalues the currency, so things made by companies like Samsung and Hyundai seem to be inexpensive on the American market. The US government often does not perceive this as 'fair trade'.
Devalued currency also makes it easier for a country to attract tourism dollars, since a favorable exchange rate will make prices in the country with the devalued currency seem low.
2007-03-28 14:48:58 · answer #2 · answered by LA_kinda_guy 3 · 0⤊ 0⤋
it is good for our exports.
2007-03-28 21:06:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋