Question

In july 2001, the euro's value relative to the dollar was about €1.00 = $0.85. by november 2009, the euro had strengthened to €1.00 = $1.48. in february 2012, one euro was equal to $1.33 and in august 2015 €1.00 = $0.99 all other things being equal, if a european-based global company wants to preserve margins for goods exported to the u.s. market, the company should:

Answer 1

Answer:

The correct answer to the following question will be "raise prices in dollars".

Explanation:

• Forex trading refers to the acquisition as well as the sale of currency pairs predicated mostly on the relative value within each exchange rate to some other currency which is the pair. While the U.S. based global financial crisis appeared clear that it had expanded worldwide, creditors rushed back to relative dollar protection.
• Whenever a European-based international business chooses profitability to be preserved for products transported to either the United States market, the organization should increase dollar prices.