The Status of the US Dollar Against Various Currencies

Today, June 27, 2024, the status of the US dollar against various currencies in the global currency market is as follows:

1. Indian Rupee (INR):

• 1 USD = 82.05 INR
• The rupee has seen a slight decline over the past few months. This decline is dependent on the balance of imports and exports in the Indian economy and foreign investments.

1. Euro (EUR):

• 1 USD = 0.91 EUR
• The euro remains stable due to the economic situation of the European Union and ongoing economic reforms in Europe.

1. British Pound (GBP):

• 1 USD = 0.79 GBP
• Economic uncertainty in the UK since Brexit has led to fluctuations in the value of the pound.

1. Japanese Yen (JPY):

• 1 USD = 143.65 JPY
• The yen’s value is influenced by Japan’s monetary policy and its participation in international trade.

1. Chinese Yuan (CNY):

• 1 USD = 7.26 CNY
• The stability of the Chinese economy and changes in trade policies have affected the value of the yuan.

1. Canadian Dollar (CAD):

• 1 USD = 1.37 CAD
• The Canadian dollar is directly influenced by the Canadian economy, which is based on natural resources, and fluctuations in oil prices.

1. Australian Dollar (AUD):

• 1 USD = 1.51 AUD
• The Australian dollar’s value is affected by the Australian economy and its trade relations with Asian markets.

1. Brazilian Real (BRL):

• 1 USD = 4.90 BRL
• The Brazilian real is influenced by the stability of Brazil’s economy and the prices of agricultural products in the global market.

1. Russian Ruble (RUB):

• 1 USD = 85.73 RUB
• International sanctions on Russia and the prices of oil and gas have a clear impact on the value of the ruble.

1. South Korean Won (KRW):
   • 1 USD = 1295.45 KRW
   • The value of the won is influenced by South Korea’s technology and electronics industry.
2. Mexican Peso (MXN):
   • 1 USD = 17.08 MXN
   • The Mexican economy and its trade relations with the United States have a clear impact on the value of the peso.
3. Swiss Franc (CHF):
   • 1 USD = 0.89 CHF
   • The stability of the Swiss economy and its status as a global financial center keep the value of the Swiss franc steady.

Analysis and Impact

Despite the slight decline in the rupee, signs of stability and improvement are being observed in the Indian economy. The stability of the euro and the pound depends on the economic policies of the European and British markets. The status of the Japanese yen and the Chinese yuan is influenced by international trade and policy changes.

The value of the Canadian and Australian dollars is based on natural resources and trade relations with Asian markets, while the Brazilian real and the Russian ruble are affected by global market activities and sanctions. The value of the South Korean won and the Mexican peso depends on their domestic industries and trade relations with the US.

The stability of the Swiss franc reflects the strong economic condition of Switzerland and its reputation as a financial center.

The activities of the international market, economic policies, and the state of global trade have an impact on the value of all these currencies【36†source】【37†source】.