When the US currency appreciates in value against major world currencies, currencies pegged to the dollar have problems exporting to non-dollar-based major markets

Question

Quizplus · Accepted Answer

When the US currency appreciates, it makes the dollar stronger against other major world currencies. For countries with currencies pegged to the dollar, their exports become more expensive in non-dollar-based markets, potentially reducing their competitiveness and leading to problems in their export sectors.

When the US Currency Appreciates in Value Against Major World