On December 29, the cost of a skiing trip to Finse, Norway, was 6, 500 krone.Two weeks later, the American dollar appreciated against the Norwegian krone.If the price of the trip in Norway remains the same:

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If the American dollar appreciated against the Norwegian krone, it means that the exchange rate between USD and NOK changed in favor of the USD. This means that the cost of the trip, which was originally priced in NOK, will now be lower when converted to USD. Therefore, an American skier living in Florida will now view this trip as cheaper.

On December 29, the Cost of a Skiing Trip to Finse