This chart highlights the poor performance of the US Dollar against most currencies in the period 2000-2008. Most of the decline began in 2004-2005, when US borrowing and record deficits devalued the dollar. This pressured the rates exchange as foreign investors withdrew cash from their own nation's money supply, while the US expanded our own cash balances through this borrowing.
The next post will detail the impact this trend has had on the relative cost of living in USD, in countries around the world.
Sources:
http://currate.com/historical-exchange-rates.php
Exc Chart Currency Trends (USD).pdf - Google Docs, originally uploaded by grantdoug.
Charts the relative currency value of Industrialized nations against the US Dollar since 2000.
The next post will detail the impact this trend has had on the relative cost of living in USD, in countries around the world.
Sources:
http://currate.com/historical-exchange-rates.php
Exc Chart Currency Trends (USD).pdf - Google Docs, originally uploaded by grantdoug.
