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strong dollar

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Strong dollar
When the dollar can be exchanged for a large amount of foreign currency, benefiting travelers but hurting exporters.
strong dollar
A dollar that is valuable relative to foreign currencies. A strong dollar exchanges for more units of other currencies compared with the units for which it could be exchanged in the past. A strong dollar tends to hurt U.S. firms that rely heavily on foreign sales because the firms' products will cost more in terms of the foreign currencies. Compare weak dollar. See also exchange rate.


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