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2810 Fieldstream Drive North
Wilson, NC 27896
Phone: 252-237-4357
Fax: 252-243-2681
January/February 2018
The Value of a Dollar
Every day, business news anchors compare the value of the U.S. dollar to the world’s major currencies. What does this mean to you?
Cost of Goods
When the U.S. is perceived to have a strong economy compared to Europe, the dollar’s value may rise versus the euro. That’s the exchange rate. A stronger dollar buys more European goods and services, including vacations. The downside? Fewer Europeans may travel here because of a weaker euro and American companies selling goods in Europe may see sales slump because their products cost more.
Effect on Stocks
When the dollar declines against other currencies, imported goods cost more and Americans may buy less because of it. As a result, foreign and even American multinational companies can see sales decline overseas and profits fall. Firms whose stock is publicly traded may also see stock prices fall.
Global Consequences
As Americans living in the northern and southern border states can attest, this same phenomenon occurs with other currencies. When it comes to money, the world is interconnected.
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