Euro before Brexit has maintained a higher value than the dollar since its creation. However, post-Brexit it depreciated slightly from 0.9109 and now stands at 0.88260 compared to the U.S. Dollar value of 1, meaning it appreciate in value within the time span of one month. The Australian Dollar has maintained a lower value than the U.S. Dollar. However, in the month of August it hit a dip of 1.29, appreciating in value. The same thing happened to the Canadian Dollar, which has always had lower value than the U.S. dollar but saw an increase in value going down to 1.28637 from 1.3212. The Japanese Yen took the same route appreciating in value from 106.55 to 100.18. The same as well for the Chine Yuan which started in July with 6.68 and now stands at 6.64879.In regards to 4 years ago, the euro maintained a similar value at 0.82. However, as time has shown, it has depreciated in value increasing the numbers from .81 to .88. The Australian Dollar depreciated in value greatly since 2012. Their rate was 0.96 (OANDA, 2016). This meant it was more expensive to buy things in Australia with the U.S. dollar value than it was...
The same can be said of the Japanese Yen. In 2012, the rate for the yen was 78.50, much lower than its current rate of 100 (Usforex, 2016). The Chinese Yuan maintained fairly the same value then as it does now at 6.37.
Considering all the findings, the dollar depreciated among all the currencies, lowering in value throughout the 30 days, even with the currencies known to maintain a lower value than the U.S. dollar. Although the Japanese Yen has the lowest value among the currencies, the Chinese Yuan seems to be the easiest currency to contend with whilst abroad. China appears to be the least expensive place for an American tourist because of the higher value of the U.S. Dollar and the lack of effort to match U.S. dollar prices. The most expensive would have to be countries that have the Euro. They implement higher prices and the Euro is worth more than the U.S. dollar.
The most comparable would have to be the Japanese yen because they maintain roughly the same prices as U.S. dollar prices. For…
