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- #121
Which is the lower number?No, it's not. The value of the dollar, relative to the Euro, is the same today as it was in late 2008. The dollar's value as risen relative to the Euro over the past year. The dollar has risen a significant amount against the Pound as well (a pound will by 25% fewer dollars than it would buy in 2008).
March 2008 1.55202 USD
March 2012 1.31581 USD
2012
Key word: "late". The value is from March 2008 is higher than March 2012. You know what number is even higher? The value from March 2002.
All of that is beside the point though. The dollar is as strong against the Euro as it was when Obama took office, and is stronger against the pound.
That's right the value of the dollar was higher in 2008 meaning the dollar has been devalued in 2012. Do you understand what devalue means?