Yik Yak logo
Download TikTok Instagram X
Yik Yak icon
Join communities on Yik Yak Download
US Politics icon
US Politics 5w
started planning a trip to italy next year and prices were in euros and im like "wow only $700 for 9 nights" and then I did the conversion.... why tf is there such a big difference right now it used to be so similar?? is this bc of trumps tariff shit
comment

9
upvote 10 downvote
default user profile icon
Anonymous 5w

A lot of countries have been selling their US reserves (bonds which act as dollars with a small interest earned over time). Those reserves these countries held flood the markets with what are effectively dollars. And as you know as the supply of something in the market increases, its price decrease. So now we have a lot of dollars (in the form of bonds) floating around and countries not wanting to use dollars (decreased demand). This has weakened the dollar’s value against other currencies.

upvote 3 downvote
default user profile icon
Anonymous 5w

It used to be similar because of COVID. There was a brief period when 1 EUR = 1 USD. But for decades the euro has generally been worth more. It’s especially bad rn because the USD has lost about 7-8% of its value since January

upvote 1 downvote
default user profile icon
Anonymous replying to -> #1 5w

The argument can definitely be made by saying that this is because of tariffs insofar as countries like Canada have said they will start selling their US bonds due to the tariffs increases.

upvote 2 downvote
default user profile icon
Anonymous replying to -> #2 5w

I was in the UK last month and I stupidly was like “oh £12? Not bad” then I was shocked when I got a $16 charge on my credit card 💀

upvote 10 downvote
default user profile icon
Anonymous replying to -> #1 5w

well that's all fucking annoying

upvote 4 downvote
default user profile icon
Anonymous replying to -> #2 5w

I swear it was closer even last year!! that's literally how I felt looking at hostels lol I was like "damn free breakfast, private bathroom all for $700?!" turns out it's not 😭😭😭

upvote 1 downvote
default user profile icon
Anonymous replying to -> OP 5w

Damn I just looked and it was actually pretty good at the beginning of this year 😭 that would’ve been amazing

post
upvote 1 downvote
default user profile icon
Anonymous replying to -> OP 5w

The concern about the increasing debt also makes some “bond vigilantes” basically start dumping their bonds in protest

upvote 6 downvote
default user profile icon
Anonymous replying to -> #2 5w

I feel so validated right now like it wasn't always like this and this bad

upvote 1 downvote