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.
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