If the exchange rate changes from 1.50 Canadian dollars per U.S. dollar to 1.67 Canadian dollars per U.S. dollar, we say that the Canadian dollar has appreciated against the U.S. dollar.
(a) True
(b) False
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If the exchange rate changes from 1.50 Canadian dollars per U.S. dollar to 1.67 Canadian dollars per U.S. dollar, we say that the Canadian dollar has appreciated against the U.S. dollar.
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1. Has the U.S. dollar appreciated or depreciated against the Canadian dollar between January 1, 2012 and June 1, 2017? 2. Has the U.S. dollar appreciated or depreciated against the Swiss franc between January 1, 2012, through June 1, 2017?
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