Yesterday the exchange rate was €1 = $1.30,and today it is €1 = $1.35.In this case the dollar has appreciated.
The dollar has depreciated because today it can be converted into fewer euros; in other words,it takes more dollars to get the same amount of euros.

Question

Quizplus · Accepted Answer

The statement in the question is incorrect. The dollar has actually appreciated because it can now buy more euros than it could yesterday. It would take fewer dollars to get the same amount of euros today compared to yesterday. Therefore, the statement in the question should be corrected to say that the dollar has appreciated.

Yesterday the Exchange Rate Was €1 = $1