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Is 0.9 USD/EUR to 0.95 USD/EUR an appreciation of the Euro and depreciation of the Us dollar? This is how my teacher has it marked.
Is 0.9 USD/EUR to 0.95 USD/EUR an appreciation of the Euro and depreciation of the Us dollar? This is how my teacher has it marked. But I thought this meant that 1 usd is worth .90 Euros and it went to 1 usd is worth .95 usd. Wouldn't this mean the US dollar appreciated and not the Euro? This is a hypothetical situation.
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