The trade-weighted dollar measures the value of the USD in foreign currencies, giving more weight to those used in international trade. There are two main measures, the fixed-weighted dollar index and the trade-weighted dollar index, which updates its weights annually. The real index adjusts for inflation rates to provide a more accurate picture of the […]
The US Presidential Dollar coin program, which aimed to honor each US president, was stopped in 2011 after spending $720 million to mint 1.4 billion coins that were never used. The dollar coin program had only produced half of its planned production. If dollar coins replaced banknotes, the government could save $1 billion a year […]
The largest amount of US coin money without changing for a dollar is $1.19 USD. The least circulated coin in 2009 was the 50 cent piece. Nickels have more copper than pennies. The average life expectancy of a $20 bill is 2 years. The largest amount of US coin money you can have without being […]
The term “freedom dollar” refers to Liberty series coins issued by the US Mint and an alternative currency known as the Liberty Dollar. The US government is concerned about the latter, as it is not legal tender and could be used to defraud consumers. Proponents argue it is a voluntary form of currency exchange, but […]
The New York dollar measures the value of a US dollar in New York City, where the cost of living is significantly higher than other cities. This is due to high taxes, housing costs, and salaries. The concept is related to purchasing power parity and is sometimes compared to the Big Mac index. The concept […]
Dollar diplomacy involves investing in foreign nations for US self-interest. President Taft popularized the term by investing in infrastructure in exchange for concessions. The US has used this diplomacy to shape regulatory policy and secure political power. Beneficiaries have protested, but the US argues it benefits them too. Today, the focus is on helping allies […]
Dialing for Dollars was a popular American radio and TV show where a host would randomly call a number and if the person answered with the code word, they won a cash prize. Similar contests are still held today. The show became popular in the mid-20th century and was a way for local stations to […]
The Confederate dollar was the currency of the Confederate States of America during the civil war, but quickly lost value due to inflation. Counterfeiting was a major problem, and both genuine and counterfeit versions are now valuable to collectors. The currency failed due to confidence in the South’s ability to win the war. Rare coins […]
A strong dollar has a high value compared to other currencies, making it beneficial for American consumers and the government to borrow money, but it can hurt US exports and profits of domestic companies. A strong dollar is a US dollar that has a high value compared to the currency, or money, of other nations. […]
Dollar shortages can occur when a country lacks enough dollars to pay for imports from the US, which can affect both emerging and mature markets. If demand for deposits in foreign banks exceeds the ability to pay in dollars, a shortage can develop. The US government may provide foreign aid to alleviate shortages, but may […]
A constant dollar plan minimizes investment risk by reducing volatility. Securities are purchased in fixed dollar amounts, with fewer units bought when prices rise and more when they fall. Setting realistic fixed dollar amounts is key. A constant dollar plan is a type of investment strategy used to maximize the chances of a return on […]
The New York dollar is a measure of the value of a US dollar in New York City, where living costs are significantly higher than the national average due to higher taxes and housing costs. The concept is used to illustrate purchasing power parity and is similar to the Big Mac index. The concept of […]
The expression “bet your bottom dollar” means being certain about something. It originated in the US where the dollar is the basis of currency. It’s an idiom that is not meant to be taken literally and is often used to exaggerate certainty. “Bet your bottom dollar” is an English expression that is usually uttered when […]
A dollar bull believes the US dollar will have a good year, based on past yield, anticipated economic growth, and stability. They may sign contracts and participate in activities to open a position, and diversify their investments to reduce exposure to risk. A dollar bull believes that it is probable that the United States dollar […]
Bajista dollar is a commercial philosophy where investors believe the dollar is inferior and other coins will perform better. This is specific to the US dollar, but similar terms exist for other coins. In Forex, these investors will trade in other currencies and precious metals to profit from the dollar’s decline. A bajista dollar is […]
The idiom “a day late and a dollar short” means missing an opportunity due to being unprepared. It can also refer to inadequate efforts. The phrase is often used in English to emphasize the importance of time and money. It can be used euphemistically to avoid direct criticism. The phrase originated in the US and […]
A dollar shortage can occur when a country lacks enough dollars to pay for imports from the US, affecting emerging and mature markets. A mass withdrawal of deposits can trigger a shortage, and borrowing from other countries or banks may be necessary. The US government may provide aid, but political disagreements can prevent it. A […]
A constant dollar plan is an investment strategy that aims to reduce risk and maximize returns by buying securities in fixed dollar amounts over time. This approach, also known as dollar-cost averaging, helps investors pursue investments without exposing them to as much risk as buying large amounts at once. The key is to set realistic […]
