What makes the Euro currency stronger then the Dollar?
Why does it flucuate so much? once the dollar was worth more, now its worth less, why?
These 4 answers are pathetic at best, does anyone know the real reason?
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Tagged with: anyone • currency • dollar • Euro • flucuate • real reason • reason
Filed under: Currencies
Originally, as you probably might know, europeans used to have their own currency accoding each country making a lot of troubles in matters of traveling,buying selling and they didn’t have agreements in their bussines,in order to be independent and self suficients,themselves their economy wasn’t enough strong and always were under dollar currency, in 2000 they decided unificate their currency creating as a unique coin the euro equivalent at american dollar so they gave up to their usual currencies.
New economic rules for the world from their new economic plan
1. they restric a lot of merchandise from USA
2. They raise highly the price of any mechandise that came from USA so population doesn’t buy from us because custom really triplicate the cost of any single merchandise.
3. They give priority at their own products and services and force the population to comsume it even know that the quality mostly all the time is bad.and if USA still want to do bussines their sale articles are expensives for example clothes like levis here are reasonable prices in europe are very expensive apair of pants,as a result you can buy an european jeans because you got discourage it to buy it(silent boicont agains USA)
4. talking about tourist is terrible the prices that they must to pay inorder to visit any country integrated (to the union european).
5. When you try to exchange dollars in europe they charge you a lot of extra money.
And if you are in europe already and you try to use the postal service and your package is related to USA they charge you much more.
With all those points the economy increase in comparision with the american dollar, and remmeber the don’t buy from usa buy they sell to USA and that is why many americans should defend their right of free comerce or unless use the famous BOICOT (DON’T BUY EURPEAN PRODUCTS) be more nationalist support USA.
"PRODUCTS MADE IN USA ARE THE BEST"
The US has a huge foreign debt in the Trillions of DOllars, unlike the EU.
The EU has a lower crime rate and has a more stable economy than the US
The currency rate depends on the demand and offer on the market. Euro may be in bigger demand than USD as more and more companies begin to trade between each other in euros. One reason for it is that the EU economy considered to be more stable. Second of all around 30% of all world trade falls on EU and in foreign trade with countries of EU companies of course use euros most.
That is the reason for that to my mind. I can also add psychological factor here as peoples expectations seem to do a great deal in fluctuations on the market.