If the foreign currency exchange rate between Australia and the US was $A1.00 = US$0.55 on 1 October 2004 and moved to be $A1.00 = US$0.60 one month later,the Australian dollar has decreased relative to the foreign currency:

Question

Quizplus · Accepted Answer

The Australian dollar has actually increased relative to the foreign currency (US dollar) as it now takes more US dollars to buy one Australian dollar.

If the Foreign Currency Exchange Rate Between Australia and the US