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Over The Past Six Years, The Exchange Rate Between Swiss Franc And U.s. Dollar, Sfr/$, Has Changed From About 1.30 To About 1.60. Would You Agree That Over This Six-year Period, The Swiss Goods Have Become Cheaper For Buyers In The United States? (update? Sf Has Gone From Sf1.67/$ To Sf1.04/$ Over The Last Six Years.) |
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Answer» The value of the dollar in Swiss FRANCS has GONE up from about 1.30 to about 1.60. Therefore, the dollar has appreciated RELATIVE to the Swiss franc, and the dollars NEEDED by AMERICANS to purchase Swiss goods have decreased. The value of the dollar in Swiss francs has gone up from about 1.30 to about 1.60. Therefore, the dollar has appreciated relative to the Swiss franc, and the dollars needed by Americans to purchase Swiss goods have decreased. |
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