Tuesday, July 17, 2012

Dollar Increase

Dollar rate value more and more increase to other South East currency, but compare to Euro dollar have down. Euro currency is become strong and stable because of the Germany economy still dominate the world of their export transaction, while dollar currency still up and down according to their economic stability.

The increase of dollar value actually make US product more difficult to buy, and if this condition can't be detained, the competition of product selling can hampered. For south east country like us may be prefer buy product from china or neighborhood product because their product price don't goes up. Many electronic product in our country also depend on the dollar price, such as computer, sound system, camera and other electronics. For car price itself is not increase significantly because many of cars spare part is made in the country, just some spare part like electronic is mode from outside country.

US Dollar Value Compare to Euro
  • 2012 - The dollar lost value against the euro, as it appeared the euro-zone crisis was being managed. By the end of February, the euro was worth $1.3463. 
  • 2011 - The dollar's value against the euro fell 10%, then regained ground. As of December 30, 2011, the euro was worth $1.2973. 
  • 2010 - The Greece debt crisis strengthened the dollar. By year end, the euro was only worth $1.32. 
  • 2009 - The dollar fell 20% thanks to debt fears. By December, the euro was worth $1.43. 
  • 2008 - The dollar strengthened 22% as businesses hoarded dollars during the global financial crisis. By year end, the euro was worth $1.39. 
  • 2002-2007 - The dollar fell 40% as the U.S. debt grew 60%. In 2002, a euro was worth $.87 vs $1.44 by December 2007. (Source: Federal Reserve, Exchange Rates)

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