US Dollar (Currency)
How Argentines Cope With Inflation That’s 64% and Rising
As countries across the world try to cope with rising prices, there is perhaps no major economy that understands how to live with inflation better than Argentina. The country has struggled with rapidly rising prices for much of the past 50 years. During a chaotic stretch in the late 1980s, inflation hit a nearly unbelievable […]
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Euro Hits Parity With U.S. Dollar for First Time in 20 Years
Take a look: €1 = $1. With a war on the eurozone’s border, an uncertain energy supply from Russia and a growing risk of recession, the pressures bearing down on the euro finally grew so strong that on Wednesday it briefly dipped below parity with the U.S. dollar — a one-to-one exchange rate. It was […]
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Getting the Most Bang for Your Buck While Traveling Overseas
For American travelers heading abroad, the growing strength of the dollar is the upside of a volatile economy. Currently, the exchange rate with the euro is about $1.04, meaning each 100 euros will cost about $104. One euro was worth about $1.22 this time last year. The present rate is down significantly from its high […]
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