2017 is just starting and for all the Americans abroad as for all the foreigners in America, the question is when are we going to get the best dollar exchange rate this year. 2017 is the year of many changes such as Donald Trump starting to be president of the United States. Does it have effects on the dollar exchange rate? What are the other things that might help to reach the best dollar exchange rate in 2017?
Donald Trump’s effects on the best dollar exchange rate in 2017
When he got elected, the exchange rates didn’t change a lot. It is a good news because we might reach the best dollar exchange rate in 2017. The only problem is the fact that any decision he will take in the future will be scrutinized so much that it will have huge consequences on the international environment. He is probably the most well-known guy in the world, after Obama, so he will have to behave. And when you know the man you can guess that he will never behave. I can’t say I’m confident about his future behavior and this guy as president has a challenge. His challenge is to help Americans to reach the best dollar exchange rate so that their buying power will stay high.
Other actions that might help us reach the best dollar exchange rate
The economy situation and the number of people without job is going to have important effects on the dollar exchange rate. If it’s a good situation there will be an increase in the power of the dollar over other currencies, therefore giving more power to Americans living abroad or travelling abroad. If the situation is not good we would live a different situation where it’s easier for other countries to buy American products. Let’s see what happens.
Donald Trump has been elected. Now that it is done the effects on the dollar are not huge. However each decision he might take will have huge effects so he has to be very careful. In 2017 the most important action which will have effects on the dollar exchange rate is the economy situation. Fingers crossed.