If the euro depreciates against the U.S. dollar, can a dollar buy more or fewer...
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Finance
If the euro depreciates against the U.S. dollar, can a dollar buy more or fewer euros as a result? Explain.
I know the answer and how to explain it pretty well:
Basically as the currencies change in relation to one another, the purchasing power of dollar increases against euro. Therefore, the dollar gets more valuable against the euro. This means a dollar can buy more euros after depreciation of euro against it.
My issue is that the post has to be 250 words, so I need it explained in a lot greater detail.
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