Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
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Articles on currency exchange
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Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
The treasury secretary said a weak dollar would be ‘good’ for the U.S. Here’s why he’s wrong.
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
China manipulates its currency, but without real economic effects on the rest of the world.
Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
To navigate the timeline below, hover your mouse on the right (and on the left to move back). Further reading The float Australia had to have? Intervene or wait? The RBA faces a tricky path to a lower…
The Australian dollar was floated this day in 1983. By 1985, it seemed to take on water, list badly, and sink. And that actually was the idea. The real exchange rate – roughly, the dollar rate, adjusted…
Top contributors
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Senior Lecturer, Questrom School of Business, Boston University
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Productivity Growth Program Director, Grattan Institute
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Professor of International Political Economy, University of California Santa Barbara
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Carol Osler is a Friend of The Conversation.
Professor of Business, Brandeis University
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Visiting research fellow, Australian National University
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Associate Professor, NYU Shanghai and Fundação Dom Cabral, NYU Shanghai
