Suppose that today the euro exchanges for $1.60. next week the euro exchanges for $1.70. it is clear that:

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Business

Laurel Dyer

5 December, 10:07

Suppose that today the euro exchanges for $1.60. next week the euro exchanges for $1.70. it is clear that:

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Terry Shah · Answer 1

If the Euro goes from exchanging at $1.60 one week then to $1.70 the following week, this is a prime example of the United States dollar depreciating in reference to the Euro. This simply means that the United States money is currently worth less than the Euro.