Makes me glad to have a chunk of money in a currency other than USD’s.
The decline is relative and expressed in other currencies. I have seen it play out here in Forida where we expect many Canadian snowbirds to winter here. When the Canadian dollar went to sixty cents the Canadians started saying that they couldn’t afford to come and many sold their winter homes. Now the Canadian and American dollars are at parity, and they will be back bringing those tourist dollars we like with them.