Ben Eisen
speaker
1,467 appearances
35 recordings
1 series
first heard Jul 2017
last heard Nov 2024
Ben Eisen’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that matters for everyone from consumers to companies.
When you think about going to Europe and you have to change your dollars into euros, it's done based on the going exchange rate.
And recently, the dollar has been weaker.
It's been falling over the last about year and a half or year and a few months.
And once it's fallen for that stretch of time, it really starts to impact companies.
That means that your dollar is going to be getting less euros.
Each one will be worth less relative to the euro.
So all in all, it's more expensive for you to go on vacation because you'll be paying a bit more.
Yeah, I mean, currencies are typically fairly stable, especially the currencies in the sort of most developed markets.
You have the dollars, the world's reserve currency.
So a 5% move is pretty big.
And then when you look at this over a longer stretch of time, going back to the beginning of last year, fall is even more.
So yeah, it's been something that people have definitely taken note of.
So companies that have a lot of international sales, basically they sell a lot of their products to buyers that live elsewhere, places like Europe and Asia.
Their products become cheaper for those buyers.
So think of someone living in Paris that wants to buy a Ford.
Something that's priced in dollars being converted into euros makes it cheaper because of the euro's relative strength.
And that's something that can boost sales.
It's not the main factor driving sales, but it's something that you definitely start to see show up, especially when the dollar falls as much as it has.
You've got a lot of factors.
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