Buck AwesomeFinTech Blog

Buck is an informal reference to $1 that may trace its origins to the American colonial period when deerskins (buckskins) were commonly traded for goods. If a family is planning a trip to Europe from the U.S., they would want the buck to strengthen, meaning the euro exchange rate would be cheaper or lower in value (i.e., $1.05). For example, if the buck is trading at $1.15 versus the euro, it means it costs U.S. consumers $1.15 to buy one euro's worth of goods. The buck also refers to the U.S. dollar exchange rate versus other currencies in the world. If the buck is strengthening, it means that U.S. consumers can get more for their buck.
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