Asked by Anne
                Just want to have clarification on foreign exchange rates.
I am confused with appreciate/depreciate...which is better, etc.
Let's say a Canadian company has USD costs to be paid. It will be better for the company if USD depreciates/lose value (example: from 1CAD = 0.753USD to 1CAD = 0.778USD), is that correct?
Thanks in advance
            
        I am confused with appreciate/depreciate...which is better, etc.
Let's say a Canadian company has USD costs to be paid. It will be better for the company if USD depreciates/lose value (example: from 1CAD = 0.753USD to 1CAD = 0.778USD), is that correct?
Thanks in advance
Answers
                    Answered by
            Ms. Sue
            
    Yes, you're right.
    
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.