if-the-exchange-rate-changes-from-150-canadian-dollars-per-us-dollar-to-140-what

Question

If the exchange rate changes from 1.50 Canadian dollars per US dollar to 1.40, what does this indicate about the US dollar?

Accepted Answer

The US dollar has depreciated relative to the Canadian dollar.

Answer

There is no change in the value of the US dollar.

Answer

The US dollar has appreciated relative to the Canadian dollar.

Answer

The Canadian dollar has depreciated relative to the US dollar.