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For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
At its start, the value of the U.S. Dollar Index was 100.000. It has since traded as high as 164.720 in February 1985, and as low as 70.698 on March 16, 2008. The make up of the "basket" has been altered only once, when several European currencies were subsumed by the euro at the start of 1999.
Average for each year, in US dollars and euros per pound; and inversely: £ per US$ and €. (Synthetic Euro XEU before 1999). These averages conceal wide intra-year spreads. The coefficient of variation gives an indication of this. It also shows the extent to which the pound tracks the euro or the dollar.
See full forecast. Advertisement. In Other News. Entertainment. Entertainment. The Guardian. Michael Jackson’s daughter reveals drug and alcohol addiction, recovery ...
But a 0.25 percentage point cut isn't likely to make that much of a difference, with LendingTree chief credit analyst Matt Schulz noting that it "may knock a dollar or two off your monthly debt ...
The dollar likewise held firm on the yen at 153.7, having jumped almost 2.5% last week, while the euro looked wobbly at $1.0512. [FRX/]
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