The global market is rarely as stable as we’d like, and drastic changes can take place on a year-to-year basis. The value of the US dollar and its performance in FY 2018 and 2019 was nothing short of astonishing, especially compared to the drop it experienced in 2017.
The almighty dollar is still the currency of choice in most of the world’s markets, with 65% of all dollars in circulation outside of the U.S.A. In fact, a large chunk of U.S. companies’ business takes place abroad, and fluctuations in dollar strength affect their profits in a variety of ways.
High exchange rates for the dollar have a profound impact on how trade is done globally, with the world economy depending on the American currency now more than ever. Experts cite Brazil as the country most likely to experience hardship thanks to the rising dollar and the subsequent increase in interest rates.
We’ve created this highly informative infographic as a quick and easy source of precise information on the current state of the greenback. It will also provide you with a short history of the currency and some projections for the future. Enjoy!