Value of the dollar in world market

Dollar is the global currency because it is accepted throughout the world and the trades.

The balance said "The relative strength of the U.S. economy means that its currency, the dollar, is the most powerful in the world. Around $580 billion in U.S. bills were being used outside the country."

 

Furthermore, Colombian market is also affected. Last year, the dollar had a increase for many reasons like petroleo's prices, and others goods that affected our economy. However, this year dollar's price has had a decrease in the market because the differents economies and markets have believed in Trump protectionism.

 

In conclution, if the dollar go down, our company will be benefited because we can import machines or others products that our company can need to the production process.