Last month, the exchange rate between the U.S.dollar and the Japanese yen was 100 yen per dollar.The exchange rate is currently at 110 per dollar.We can say that
A) the dollar appreciated against the yen, and the yen depreciated against the dollar.
B) the dollar depreciated against the yen, and the yen appreciated against the dollar.
C) the dollar and the yen both appreciated.
D) the dollar and the yen both depreciated.

Question

Quizplus · Accepted Answer

When the exchange rate increases from 100 yen per dollar to 110 yen per dollar, it means that now one can get more yen for each dollar. This indicates that the value of the dollar has increased (appreciated) relative to the yen, and conversely, the value of the yen has decreased (depreciated) relative to the dollar.

Last Month, the Exchange Rate Between the U