Business, 16.04.2020 22:34 chuchi24

If the exchange rate changes from $1.60=£1$1.60=£1 to $1.58=£1$1.58=£1, the dollar appreciates against the pound, whereas the pound depreciates against the dollar.

Suppose instead that the exchange rate changes from $1.60=£1$1.60=£1 to $1.62=£1$1.62=£1. This means that the dollar against the pound, whereas the pound against the dollar.

Options are appreciates & depreciates

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If the exchange rate changes from $1.60=£1$1.60=£1 to $1.58=£1$1.58=£1, the dollar appreciates again...

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