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Week 5 Discusstion Foreign Exchange 2

Week 5 Discusstion Foreign Exchange 2 - This would cause...

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It looks like the South Korean Won holds the least value with the American Dollar. The exchange rate is 1 American Dollar to 1218.84 South Korean Wons. The Omani Rial holds the highest value with the U.S. Dollar with an exchange rate of 1 Dollar for 0.3845 Omani Rials. Oman is an Arab country in southwest Asia. There was a link of the x-rates site that was very interesting. Apparently there has been talk about replacing the American Dollar as the world’s reserve currency.
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Unformatted text preview: This would cause the value of the U.S. Dollar to crash, taxes to rise, and inflation to soar. China wants to cut the dollar out of their trading. According to the FX University Daily newsletter this will be devastating to the worth of the American Dollar. Source: http://www.x-rates.com/d/USD/table.html http://www.worldcurrencywatch.com/landing/fxub_3secrets_landing.html? gclid=CKr5ho7gipwCFclL5QodBD4mXg...
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