Currency and Financial Articles
That is probably too dramatic a statement to be true, but it is certainly having problems at the moment.
In recent times the US dollar has had its fair share of ups and downs – more downs than ups, if you have been reading the news. The exchange rates showing on the currency converter have been rather worrying at times when the dollar has gone up against other currencies.
If you are well versed at looking at the exchange rates for various currencies, you might already be aware that the New Zealand dollar tends to have a choppy time against numerous other currencies. Whereas some are quite steady and only experience mild ups and downs, the Kiwi dollar seems capable of going up and down to extremes.
Most people realize that the world of currency is not always a smooth one. And depending on where you look, it can be more complex than you might think.
Well we have all seen good news and bad news hitting the headlines recently, thanks to the recession. And let’s face it, more of it has been bad than good.
It has been a good time for some currencies in particular lately. We all get so used to hearing about those currencies which are doing very badly – the beleaguered British pound for example – that we can sometimes overlook others. And yet the ones which do very well are just as thrilling to watch.
So we have the US dollar as the main reserve currency at the moment. In fact that has been the situation for long enough that many people cannot remember any other currency having been in the same place.