What does a “strong dollar” mean?
When a currency is called “strong”, it means that it values more than other currencies around the world, so the citizens of that country can buy more with the same amount of money. Jill Gonzalez, who’s a financial analyst at WalletHub, comments: “When the dollar is strong, we should consider purchasing any type of goods and products that are imported. This is because strengthening of our currency makes imported goods cheaper for us.” It is recommended that the customer should buy the products mentioned here, while the dollar is still strong.
How can I be sure I’m getting the best price?
It is true that “no one can say for sure exactly how much or when” an item will change its price, states Kimberly Palmer, a personal finance expert at NerdWallet. In order to keep track of the latest price changes, follow the indicators for future price increases, such as tariffs on imported items or changing exchange rates. There are some tools you can use to compare prices, that Palmer advises shoppers to use, like CamelCamelCamel, Honey or the ShopSavvy.app.