strong dollar

Definition

Dollar that can be exchanged for a large or increasing amount of foreign currency. The strength of the dollar has an impact on imports and exports because goods and services from a foreign nation are usually purchased in the currency of the producing nation. For example, if the dollar were strong, one would expect imports to be high and exports to be low because the dollar will buy a lot in a different country while it is expensive to purchase dollars with outside currencies. Alternatively, with a weak dollar one would expect high exports and low imports. opposite of weak dollar

Use strong dollar in a sentence

You need to know if you are working with a strong dollar and try to get the most you can from it.

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If you are wanting to do an exchange in the near future you would be better off waiting for a strong dollar.

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Thanks to a strong US economy and a strong dollar, John Smith was able to buy a lot of souveniers when he went to France.

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