When the US dollar grows more valuable in relation to the euro, it has also grown more valuable in relation to every other currency. True or False

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Javier

23 January, 01:03

When the US dollar grows more valuable in relation to the euro, it has also grown more valuable in relation to every other currency. True or False

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Cheyenne Hicks · Answer 1

True.

A lot of currencies in the world are dependent on the bigger currencies of America and Europe. This is why the trend stated above is a normal condition that occurs in currency value.

Most of the exchange rates that take place use the US and European currencies and the buying power of other countries are dependent on this trend.