In June 2008, $1 bought 0.5 pounds and in October, $1 bought 0.65 pounds. As a result of this change, between June and October.

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The dollar appreciated because it could buy more pounds in October than in June, indicating an increase in the value of the dollar. As the dollar appreciates, the quantity of dollars demanded typically decreases because foreign goods become more expensive for those holding other currencies.

In June 2008, $1 Bought 0