The dollar and other currencies at a glance

[yhiaali3]

The main reason for the strength of the dollar is the dollar's dominance, and this can be likened to Bitcoin's dominance in the crypto market, making it the number one cryptocurrency without competition, and this is the case with the dollar.

The dollar's dominance stems from many factors, including its status as the world's primary reserve currency, the currency of global trade (especially oil), the currency of global debt, and its backing by the world's largest bond market (US Treasury bonds).
Above all, it is supported by the strength of the US military and its political influence.

[DrBeer]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

The fact is that, after World War II, the global economy needed a convenient, standardized mechanism for financial cooperation. The United States proved to be more cunning and astute than others,given that its economy had not suffered as much from the war as other countries had,and it proposed the dollar as the world’s reserve currency. How this came about is a whole other story; the main thing is that the WORLD accepted it! And it turned out to be incredibly convenient and profitable. Yes, the U.S. reaped enormous benefits from this. BUT... who was stopping others from taking their place?
Today, the dollar is backed by the might of the U.S. - its economy, technology, political influence, military, and much more.
Can anyone offer similar conditions? That’s the whole explanation...

P.S. I’ll answer right away-no, China can’t; an expensive yuan is extremely disadvantageous for it.

[stompix]

United States inflation rise to its highest since 2021 to 4.2%. United States inflation was below 4% since 2021 but the war in Iran was one of the reasons the inflation was more in the country this time around.

So the US inflation spiked to 4.2%, Iran's inflation went to 70%...
I can guess who the winner was!

You probably are joking. If all currencies except the dollar are useless, then why is the dollar constantly falling against some of them, for example, the ruble? As far as I remember, the dollar is strengthening only against the Turkish lira. Also, the role of the yuan in the world has long been almost equivalent to the dollar.

You mean a currency that nobody can actually trade outside Russia? 
But yeah, 3 day after the 3 day operation ends, you will see a huge spike in the value of the rubble, any moment now, any moment.

I wonder why nobody here on this forum is using the ruble as a currency, if it's that much better than the USD!
Oh wait, you're also getting paid in $ value for your signature, talk about irony!

[Charles-Tim]

So the US inflation spiked to 4.2%, Iran's inflation went to 70%...
I can guess who the winner was!

I am not comparing United States to any other countries, including Iran. Even before the war that started in February, but that has ended now, there has been a massive inflation in Iran. I think since 2022, Iran currency has increased 3x, but that is not what I was discussing about. I was discussing about United States still having inflation. There is not other currency that I am supporting if discussing about deflation than bitcoin.

[Rengga Jati]

The answer is yes, because so far, nothing has been as strong as the USD. Like it or not, this is a fact. Despite the many controversies and speculations, the fact remains that, to this day, the USD remains the strongest. In fact, when they went to war, it was my country's currency that was destroyed and inflation occurred. Hmmm.

Essentially, the USD remains so strong because it remains the world's reserve currency, due to its relationship with the central bank. The US economy is also very strong and large, and its market is strong too. Ah, the point is, America is a strong and developed country, and it has gold reserves too. So, what can avoid?

more, here:
Strong U.S. Dollar

[stompix]

I was discussing about United States still having inflation. There is not other currency that I am supporting if discussing about deflation than bitcoin.

Bitcoin still has a 1.8% inflation, even if not correlated to any other currency, as the circulating supply keeps increasing.
Bitcoin will not be experiencing deflation on its own this century! 

You get deflation with Bitcin only if you compare it to a fiat value, and in this case, you should add the median fiat value for the year also, and you're not going to like what the price of a loaf of bread looks YoY with BTC either.

[Cryptomultiplier]

The answer is yes, because so far, nothing has been as strong as the USD. Like it or not, this is a fact. Despite the many controversies and speculations, the fact remains that, to this day, the USD remains the strongest. In fact, when they went to war, it was my country's currency that was destroyed and inflation occurred. Hmmm.

Essentially, the USD remains so strong because it remains the world's reserve currency, due to its relationship with the central bank. The US economy is also very strong and large, and its market is strong too. Ah, the point is, America is a strong and developed country, and it has gold reserves too. So, what can avoid?

more, here:
Strong U.S. Dollar

In addition, the U.S dollar is strong because of historical deals like we see as one of the leading reasons why Iran is fighting so hard for de-dollarization, knowing that it was an old deal that made them dependent on the dollar till date.
It also boils down to global psychology at the time. It is more like a safe haven currency even during wars and it's financial market is most transparent and the deepest.
Not even the Chinese yen or Eurozone has the kind of depth it has to absorb much capital quickly and safely that's why it remains number one.

[iamsange]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

It's not about economics, but rather the influence of global trade, which still uses the dollar when other countries make purchases. For example, when a country in Asia or another continent wants to buy crude oil or other oils from an oil-producing country, the country in question must use dollars for payment. Therefore, that country must buy dollars even though their own currency isn't the dollar. This is what makes the dollar stronger, as other countries do the same when they want to buy something globally from that particular country.

[SUPERSAIAN]

It's not because the American dollar is a reserve currency. Other currencies don't have that feature. If you have dollars and you visit a country, you can always find the equivalent value in that currency. If you want to exchange any other country's currency, then things might be difficult. In my opinion, there won't be any change in fiat currencies the dollar will continue to be a reserve currency because there's no reason for it to change.

[Hypnotizer]

The US have to tell the world why and how the dollar is so valued in the world.

Tell the world what exactly? Everybody knows why the Dollar is valued and it’s because of it’s usage in most international trades and the petro-dollar, As many replies above have mentioned

For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful.

This statement is actually wrong! Not “every currency” is useless or have lesser value compare to the US Dollar, there are currencies with more exchange rates and value than the US dollar right now, and they’re about five of them I think including currencies like the British pounds and Kuwaiti Dinar. So you might actually want to do some research about this..

In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

It isn’t about having the best economist in the world or something like that, it’s just a simple matter of economy and trade..