Should I boycott $ in favor of €?

CovertHammer@feddit.online to

Ask Me Anything@lemmy.caEnglish · 23 days ago

Mainly speaking of forex & investing, since the reserve currency by default is still US Dollars (so you can’t truly boycott America in that sense) unless Euro wants to replace it on being the new world reserve currency, however it won’t happen overnight for sure. Euro is the second most traded currency globally, so its inevitable. They have higher denomination bills worth more than $100 (such as 100, 200 & 500€) plus the exchange rate reflects that since 1€ = $1.15 while the reverse isn’t true as it’s $1 = 0,86€.

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