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The current spot exchange rate between US dollar and Euro is 0.7833 (1 USD=0.7833 Euro). A week ago, the exchange rate between the two currencies

The current spot exchange rate between US dollar and Euro is 0.7833 (1 USD=0.7833 Euro). A week ago, the exchange rate between the two currencies was 0.7724 (1 USD=.7724 Euro). Which of the following statement correctly indicates the change in the foreign exchange rate?

A. US dollar depreciated relative to Euro

B. Euro got appreciated relative to US dollar

C. The value of Euro became stronger relative to US dollar

D. US dollar appreciated relative to Euro

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