Exchange rates and weaker currency

Sometimes varying exchange rates mean that one currency is weaker than the other.

For example If the exchange rate was £1-$1.25 it would mean that you would get more dollars for your pound, meaning the dollar is weaker. It’s weaker because if you were doing it the other way around, $-£ then you would get less pounds, costing you more money.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s