If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen.

Name: If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen.
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Question

Quizplus · Accepted Answer

When the yen appreciates in value against the dollar, it means that you need fewer yen to buy a dollar, or conversely, you get more yen for each dollar. This is the same as saying the dollar has depreciated against the yen, because it now takes more dollars to buy the same amount of yen.

If the Yen Appreciates in Value Against the Dollar, the Dollar