A stronger dollar means American goods become less attractive for tourists

CNN Money: Macy’s sales slump as foreign tourists stop spending

Article published: May 13, 2015 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: International Economics (exchange rates, export prices)

As the USD got stronger, tourists in the U.S. started spending less (especially when it comes to luxuries).

Source of image: Kena Betancur/Getty Images

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By EconDaddy IB Economics tutor| 2017-08-23T10:51:29+00:00 May 14th, 2015|International Economics|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

A stronger dollar means American goods become less attractive for tourists