Just want to have clarification on foreign exchange rates.

Question

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

Answer 1

Yes, you're right.