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we all go broke
Your dollar decreases in value, and then us Canadians go there to shop.
An appreciating currency makes exports more expensive for buyers, so one would expect a fall in the volume of exports.
US Dollar = $3.52 AUD Dollar = $3.509
about 2million euros
If the peso depreciates, it means it will be easier to export items from Mexico and in turn it will be harder for items to be imported into Mexico.
we all go broke
If the US dollar depreciates, the currency pairs such as EUR/USD, AUD/USD, GBP/USD...., and commodities that dominated in US dollar including Gold, Silver... will go up. In terms of investment, capital will run out of US and flow into areas which have higher rates. Reference: Alpari analytics
Your dollar decreases in value, and then us Canadians go there to shop.
the us dollar was formally changed
An appreciating currency makes exports more expensive for buyers, so one would expect a fall in the volume of exports.
Yes, that would happen in a free-floating currency. Depending on demand and supply, the value of the Mexican Peso against the US Dollar is subject to change.
it will be cheaper for you to buy stuff there
0.812348 euros is the same as 1 US dollar.
There are some very general proposals circulating about the possibility of creating a North American Union, similar to the European Union. In the very unlikely event that such a thing would happen, a common currency would be needed and some have suggested that a new one called the Amero (like the Euro) would be that currency. Should that happen, the US dollar would, of course, be retired. But the fact is that the current politics of the US, not to mention Canada and perhaps even Mexico, make a North American Union about as likely as the sun rising in the west tomorrow.
6 Trinidad dollars would = 1 us dollar
US Dollar = $3.52 AUD Dollar = $3.509