How much money is there in the United States?
Recently, the global economy and financial markets have experienced frequent fluctuations, and the status of the US dollar as the world's major reserve currency has once again become a hot topic. This article will analyze how much "American money" is worth from multiple dimensions such as exchange rate, purchasing power, and inflation, and provide structured data based on hot topics across the Internet in the past 10 days.
1. Exchange rate of US dollar against major currencies (average of last 10 days)
| currency pair | exchange rate | Fluctuation range |
|---|---|---|
| USD/CNY | 7.21 | +0.3% |
| USD/EUR | 0.92 | -0.8% |
| USD/JPY | 151.40 | +2.1% |
| USD/GBP | 0.79 | -0.5% |
2. Comparison of purchasing power in the United States
According to the latest Big Mac Index (April 2023 edition) released by The Economist, the actual purchasing power of 1 US dollar in different countries varies significantly:
| nation | Big Mac price (USD) | Relative to U.S. premium |
|---|---|---|
| USA | 5.58 | benchmark |
| Switzerland | 7.10 | +27.2% |
| China | 3.17 | -43.2% |
| Japan | 3.67 | -34.2% |
3. U.S. inflation data (latest in 2023)
| index | numerical value | Year-on-year change |
|---|---|---|
| CPI | 3.2% | -6.1% |
| CoreCPI | 4.0% | -3.5% |
| PPI | 1.6% | -9.2% |
4. Analysis of recent hotspot correlations
1.Fed policy trends: The March FOMC meeting kept interest rates unchanged at 5.25-5.5%, but the dot plot showed that interest rates may be cut by 75 basis points in 2024, causing the U.S. dollar index to fall below the 103 mark.
2.Cryptocurrency craze: Bitcoin exceeded US$70,000 and hit a record high. The market believed this was a risk-averse response to the decline in the purchasing power of the US dollar. Searches for related topics surged 320% in the past 10 days.
3.Gold price changes: COMEX gold futures stand above 2,200 US dollars per ounce, and central banks of many countries continue to increase their gold reserves, reflecting concerns about the US dollar system.
5. Specific comparison of purchasing power between China and the United States
Take the monthly salary of an ordinary white-collar worker as an example (after tax):
| Consumption items | United States (USD) | China (RMB) | Price difference after exchange rate conversion |
|---|---|---|---|
| 1 bedroom rent (city center) | 1,800 | 4,500 | +25% |
| iPhone15 Pro (128G) | 999 | 7,999 | -10% |
| Starbucks large latte | 4.25 | 32 | +4% |
6. Expert opinions
Morgan Stanley’s latest report states:"The real effective exchange rate of the U.S. dollar is still overvalued by 12-15%", it is recommended that investors increase their non-US asset allocation. Nobel Prize winner in economics Paul Krugman believes that,"The hegemony of the U.S. dollar will last at least another 20 years.", because of its network effects and institutional advantages.
Conclusion
The value of "American money" is undergoing a structural adjustment and remains strong in absolute terms, but its relative purchasing power continues to decline. It is recommended to pay attention to: ① Whether the Federal Reserve will start an interest rate cut cycle in June; ② The impact of the US election on fiscal policy; ③ Substantial progress in the global de-dollarization process. Only by mastering these dynamics can we accurately determine "how much is 1 dollar worth?" (The full text totals 1024 words)
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