If you were going to Europe, would you want the U.S. dollar to be strong or weak? Interpret the current exchange rate between the U.S. and the Euro (so if an item costs 10 Euros, how much does it cost in U.S. Dollars?)
If I were going to USA , I would want the dollar to be weak as I would more dollars for the currency exchanged
eg: $1 = Rs 60 so rs1 = 0.017 so if you exchange Rs 1000 you would get Rs17
if $1 =Rs 70 , rs 1 would give you rs 0.014 so if you exchange Rs 1000 you would get Rs14
if $1 = Rs 50 , rs 1 would give you 0.02 so if you exchange Rs 1000 you would get Rs20
so weaker the dollar more one would get in terms of $ when exchanged with the national currency .
currency exchange rate 1euro= $1.12
so 10 euros = 10*1.12= $11.12
so an item which costs 10 euros in Europe would cost $11.12 in USA
If you were going to Europe, would you want the U.S. dollar to be strong or...
NEWS WIRE CURRENCY APPRECIATION What the Strong U.S. Dollar Means for Americans Traveling to Europe This Year Americans traveling to Europe this year will finally have a little relief at the register, or at least a smile on their faces when they examine their credit card statements once they get home. The euro has fallen significantly against the dollar in the past six months, tumbling down to US $1.17 for 1 euro as of yesterday, a level not seen since...
NEWS WIRE CURRENCY APPRECIATION What the Strong U.S. Dollar Means for Americans Traveling to Europe This Year Americans traveling to Europe this year will finally have a little relief at the register, or at least a smile on their faces when they examine their credit card statements once they get home. The euro has fallen significantly against the dollar in the past six months, tumbling down to US $1.17 for 1 euro as of yesterday, a level not seen since...
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