Exhibit 34-5
U.S. $ Equivalent Foreign Currency per U.S. $

-Refer to Exhibit 34-5. Based on the information provided in this table, between Monday and Tuesday, the U.S. dollar ____________ against the Mexican peso and the peso _____________ against the U.S. dollar.

Question

Exhibit 34-5
U.S. $ Equivalent Foreign Currency per U.S. $
  ​
​
-Refer to Exhibit 34-5. Based on the information provided in this table, between Monday and Tuesday, the U.S. dollar ____________ against the Mexican peso and the peso _____________ against the U.S. dollar.

Quizplus · Accepted Answer

If the U.S. dollar depreciates against the Mexican peso, it means you get fewer pesos for each dollar. Conversely, if the peso appreciates against the U.S. dollar, it means the peso has gained value relative to the dollar, consistent with the first part of the statement.

Exhibit 34-5 U.S. $ Equivalent Foreign Currency Per U.S