system
Given the following post, respond as if you're commenting on Reddit:
human
Why is the value of US dollars in international exchange increasing when there is an inflation in the USA?

How is the value of US dollars higher right now with a higher inflation rate than last year with a sizeably lower inflation rate? Shouldn't the higher inflation rate make USD a lot cheaper?
gpt
There's more to exchange rates than reletive inflation rates.

The US could have 50% inflation more than another country but if they have 200% growth more the dollar would probably appreciate.

The US could have higher inflation but another country might have capital controls leading foreigners to convert their currency to dollars.

The US might have strong trust in its inflation measure but other countries might have less trustworthy inflation measures.

Exchange rates are simply a reflection of the demand a supply of a pair of currencies.