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- 2011-7-2
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- 2016-8-1
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I always look at it this way:
Think of 1.33Euro/$ as 1.33 Euro to 1 Dollar.
If the spot rate goes to 1.35/$ than it takes more Euro to buy one dollar hence the Euro has depreciated against the dollar.
If the spot rate goes to 1.3/$ than it now takes less Euro to buy one dollar hence the Euro has appreciated versus the dollar. |
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