Exchange Rates and Currency Exchange
Things To Watch Out For
Exercise 7.3.2 : Give It Some Thought
- If the exchange rate in terms of US dollars per unit of euros increases, which currency weakened?
- If the Australian dollar weakens against the Canadian dollar, did the exchange rate increase or decrease in terms of Australian dollars per unit of Canadian dollars?
- If the exchange rate in terms of yen per unit of the Mexican pesos decreases, which currency weakened?
- If the British pound (£) appreciates against the US dollar, did the exchange rate increase or decrease in terms of pounds per unit of US dollars?