ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$4.50
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$6.75
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$1
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$3
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Detailed explanation-1: -$1/€1 → $1.20/€1 means that the dollar has depreciated relative to the euro. It now takes $1.20 to buy one euro, so that the dollar is less valuable. The euro has appreciated relative to the dollar: it is now more valuable.
Detailed explanation-2: -1 USD = 0.948332 EUR Mar 08, 2023 13:25 UTC The currency converter below is easy to use and the currency rates are updated frequently.
Detailed explanation-3: -(d) the pound has depreciated and the dollar has depreciated. 9) When the value of the British pound changes from $1.50 to $1.25, then (a) the pound has appreciated and the dollar has appreciated.
Detailed explanation-4: -Calculate an FX rate using this simple formula: Your starting figure (in your local currency) divided by the final number (in the new foreign currency) = the exchange rate.