Once the dollar, like many other currencies, was backed by gold, which made the dollar quite stable, and deposits and savings in the dollar - were a reliable capital and a safety cushion in times of crisis. Today the dollar rate supported by various financial mechanisms of the state, the main purpose of which is - do not let the dollar fall or rise sharply. As a result, the dollar has been experiencing a slight drawdown in real price for many years and is stable against a basket of world currencies..
Anything can happen against the backdrop of competition between currencies and the dollar.
The crash of the dollar is impossibly quiet. The dollar will pull with it many currencies and economies of countries that have developed market economies and which are connected with the economies of other countries and with the dollar..
Dollar exchange rate in crisis
In an economic crisis, the eyes of capitalists turn to the dollar. The dollar at this time is in demand and supported, in dynamics it is very similar to gold, and the dollar exchange rate during the crisis is exorbitantly inflated in price.
Gold occupies a special place in investments and savings. It was believed that gold would never fail. However, the reliability of gold and the dollar in times of crisis leads to overstated demand, which leads to inflation in the price of gold and the dollar..
Dependence of currencies on the dollar
Malaysia, Singapore, China pegged the rate of their currency to the dollar, which helps to avoid critical fluctuations in the price of the currency, since the dollar has a fairly stable exchange rate.
Usually the peg exists with slight deviations, and countries partially regulate the exchange rate - equalizes the currency to the dollar rate.
Today dollar rate depends on trading seven days a week, government policies, crises, imports and exports, on the stability of other currencies and especially the euro.
Despite the stable dollar exchange rate, wise investors have learned how to store and increase capital using not only the dollar, but also other significant currencies.. However, in the basket of currencies of investors and private holders, the dollar still significantly predominates.. Despite the overvalued dollar rate, this currency is preferred from-for the scale and predictability of the exchange rate, small jumps in the dollar exchange rate.
Dollar rates on 17.03.2023
Currency charts USD/RUB и EUR/USD: Dynamics of courses to the ruble euro and dollar.