Currency appreciation: Comparing a current spot rate to a past spot rate between two currencies, the currency that is appreciating is gaining in strength vis-à-vis another currency. Conversely, a currency that is depreciating is weakening vis-à-vis the other currency.
Question: Choose a major currency pair. Compare the spot rate quote of this pair on November 5 2019 to its past spot rate quote (choose the time). Which of the currency in your pair appreciated (strengthened) or depreciated (weakened).
Answer:
Major Currency Pair (Cite your Source).
Spot Rate (November 5, 2019)
Past Spot Rate (Date? Specify)
What currency is appreciating?
Major currency pair is: Indian Rupees and US Dollar
Spot rate (Nov 5 2019): 70.77 INR/ USD
Spot rate (Nov 5 2015): 65.86 INR/USD
The US Dollar is appreciating while INR is depreciating.
Currency appreciation: Comparing a current spot rate to a past spot rate between two currencies, the...