If the foreign exchange value of the Euro changes from .95 dollars to 1.05 dollars, then the dollar has depreciated against the Euro.

Name: If the foreign exchange value of the Euro changes from .95 dollars to 1.05 dollars, then the dollar has depreciated against the Euro.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

When the value of the Euro increases from .95 dollars to 1.05 dollars, it means you now need more dollars to buy the same amount of Euros, indicating that the dollar has depreciated in value relative to the Euro.

If the Foreign Exchange Value of the Euro Changes from .95