Not even close to stable. We are currently printing money with nothing to back it up. This will cause serious inflation and devaluing of the dollar. Hardly stable
More stable than the US dollar.
The euro has been very stable against the dollar. Even during the great recession, it never lost significant value.
Brazilian's currency is Real and the value isn't very stable because of the crise so the value of the money is very different although the US dollar is worth about double than Real
East Timor uses the US dollar as its official currency primarily to promote economic stability and facilitate trade. After gaining independence in 2002, the country adopted the dollar to provide a stable monetary environment, given its limited economic resources and infrastructure. This choice helps to minimize inflation and encourages foreign investment, as the dollar is a widely accepted and stable currency. Additionally, using the US dollar simplifies transactions and financial planning for both citizens and businesses.
It would curb inflation and make the dollar more stable for trade
The problem wasn't fully solved until 1948 when the US introduced the deutschemark which was far more stable as it was tied to the US dollar.
The problem wasn't fully solved until 1948 when the US introduced the deutschemark which was far more stable as it was tied to the US dollar.
Many people have speculated over this. Some people say the Euro, some say the Chinese Yuan. Although, no other world currency is nearly as stable as the US dollar.
a us dollar
In 1969, the exchange rate was approximately 360 Japanese yen to one US dollar. This fixed rate was part of the Bretton Woods system, which pegged currencies to the US dollar. The rate remained stable until Japan moved to a floating exchange rate system in the early 1970s.
The exchange rate for the pound to the dollar, as of the middle of 2013, is approximately 1.54 US dollars to 1 pound. This rate has remained stable for the past few years.
Currently one US dollar will buy you about 1150 Iraqi dinars. This currency is not very stable; the value fluctuates almost hourly.