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What does an exchange rate of $1.25: 1 mean or imply? Implies that the has strengthened vis--vis the $U.S. Implies that the $U.S. has strengthened

What does an exchange rate of $1.25: 1 mean or imply?

Implies that the has strengthened vis--vis the $U.S.

Implies that the $U.S. has strengthened vis--vis the

Means that each $U.S. is worth 1.25

Can also be expressed as $1: 0.80

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