US dollar up against 9 currencies year to date.

Discussion in 'Economics' started by Debaser82, Nov 7, 2009.

  1. [​IMG]

    Quite the list isn't it.
  2. clacy


    Wow, we're really crushing Ghana and Jamaica :D
  3. Currencies that have been pegged / anchored to the dollar are quickly replacing with a basket of currencies.

    Fijian Dollar anchored to the dollar in 1976... Now pegged to a basket of currencies (AUD, NZ and others)

    Argentina in 1992 pegged 1 peso = 1 dollar and our 2001 hick up caused them a financial crisis. In 2002 they abandoned the dollar as its anchor.

    Since then they've amassed 270 Trillion dollars from exports - roughly 1/3 of their reserves remain pegged to the dollar.

    Their government publicly acknowledged a strategy of keeping the exchange rate between 2.90 to 3.10 pesos per U.S. dollar, in order to maintain the competitiveness of exports and encourage import substitution by local industries.