Wouldn’t it be the other way around? The American could afford more English products than the English person buying American because the higher dollar meant the other currency rate was lower?
No. The value of the American dollar drops. The value of the British pound stays the same. American dollars are now worth less British pounds than before. So the 10000 dollar motorcycle now costs 16000 dollars. The motorcycle still costs 10000 pounds or whatever. It’s price doesn’t change.
The other person is saying that devaluing the US dollar would make it easier for others to buy American products.
I assumed you thought they were talking about strengthening the US dollar, so I pointed out that the original post (yours, I realise now) was talking about devaluation. Not sure why you think devaluation would give greater buying power.
Wouldn’t it be the other way around? The American could afford more English products than the English person buying American because the higher dollar meant the other currency rate was lower?
Unless I’m misreading what you said.
No. The value of the American dollar drops. The value of the British pound stays the same. American dollars are now worth less British pounds than before. So the 10000 dollar motorcycle now costs 16000 dollars. The motorcycle still costs 10000 pounds or whatever. It’s price doesn’t change.
The original post was asking about why devaluing the dollar would be good for Americans.
Right. That was my post. So… ?
The other person is saying that devaluing the US dollar would make it easier for others to buy American products.
I assumed you thought they were talking about strengthening the US dollar, so I pointed out that the original post (yours, I realise now) was talking about devaluation. Not sure why you think devaluation would give greater buying power.