Asked by Economics student
What does it mean when one currency is falling against another currency?
That means that in the exchange market, that currency is losing value when exchanged for the other currency.
Here is an exchange table showing the value of the American dollar when compared to other currencies. When that value drops, it is said to be falling.
http://www.x-rates.com/d/USD/table.html
That means that in the exchange market, that currency is losing value when exchanged for the other currency.
Here is an exchange table showing the value of the American dollar when compared to other currencies. When that value drops, it is said to be falling.
http://www.x-rates.com/d/USD/table.html
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