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A strong US dollar means you'll save money on conch fritters in Cozumel.

A strong US dollar

When the US dollar is strong, its value is high compared with other currencies. The result is that the price of items made in foreign countries (foreign goods) falls in America.

A strong dollar means that Sara can save money on a meal eaten in Cozumel, or on a really cool belt made in India that she finds at the mall.

At the same time, items made in America for sale in other countries will become more expensive there. Companies that export US products will sell less and might have to lay off workers.

A weak US dollar

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All you need is cash.

 A weak dollar—when it takes more cents to buy a peso—means that Aaron will pay more for his meal in Cozumel, or on an imported stereo system for his car.

When the dollar is weak, exporters and their employees will benefit because foreign consumers will be able to buy more of what they sell.

International demand determines the value of one currency against another. When people around the world have and wish to buy more Mexican pesos, the value of Mexican currency strengthens. On the other hand, if those same people begin selling the Mexican peso, its value falls.

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Sara and Aaron's traveling money tips

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