Assume that during this semester, the euro appreciated against the dollar Did the direct exchange rate of the euro increase or decrease Did the indirect exchange rate of the euro increase or decrease ...

The indirect exchange rate is the reciprocal o ...

Assume that during this semester, the euro appreciated against the dollar. Did the direct exchange rate of

Question:

Assume that during this semester, the euro appreciated against the dollar. Did the direct of the euro increase or decrease? Did the indirect of the euro increase or decrease?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...