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Foreign Exchange Rates A. Where is the dollar strongest right now? Where is it the weakest?

Foreign Exchange Rates

A. Where is the dollar strongest right now? Where is it the weakest?

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Answer #1

If I understood the question clearly, then it asks me to find the country or currency against which the dollar is strongest and the country or currency against which it is weakest in current scenerio.

As on Oct 2020,

a. The Dollar is strongest against Venezuela currency Venezuelan Sovereign Bolívar (VES) in the world whose current rate is 449,940 VES for One Dollar.

b. And, the Dollar is weakest against Kuwait's Currency i.e. Kuwaiti Dinar (KWD) in the world and is trading at 3.26 USD for every Kuwaiti Dinar.

More over, the Dollar is evaluated from its index i.e. USD index which depicts the strengthening or weakening of Dollar and its actual position.

Hope this clears the doubt.

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