Most economists would agree that there has been a relative decline in American power for some years now. However, this gradual process has seemed to accelerate somewhat since the full onset of the Great Recession in 2008. At the G20 in Cannes, several journalists remarked that American authority was not as evident as it used to be. This is in part due to the rise in the Chinese economy. The value of the dollar is much more prone to fluctuate than that of the Chinese currency because the latter is partly fixed.
At Compare Holiday Money we seek to provide advice relevant to obtaining the best possible deals for travel money. If one is travelling to the United States to do some shopping, getting the right deal can make a significant difference to the spending power which one has.
Amid the euro crisis, it is important not to forget that the American economy has been struggling recently. The recovery has not impressed thus far. For large swathes of the country, it still seems like the recession has never gone away. That is not to say there are not some impressive bargains to be had in some of the spectacular cities. These bargains are best accessed after getting the best exchange rates available.
Even when the economic climate is downbeat, it is a great experience to travel around America. There are so many special places to visit. It is a huge country with a remarkable range of things to offer. Some of them are on the West coast, while many others are on the East and there are a plethora of wonderful things to be discovered in the interior. This means that every dollar counts. If the trip is going to be as rewarding as it could be, it is essential to compare currency with care.