The value of the Euro changed from $1.20 to $1.14. We can say that the dollar has ________ and the euro has ________.

Question

Quizplus · Accepted Answer

The dollar has appreciated because it now takes fewer dollars to buy a euro, indicating an increase in its value relative to the euro. Conversely, the euro has depreciated because it has lost value relative to the dollar, as it now takes more euros to buy a dollar.

The Value of the Euro Changed from $1