Question

If the US dollar price of the Japanese yen changes from $1 per 100 yen to $1.50 per 100 yen, the dollar is said to have _____________ and the yen has ______________.

Answer 1

Answer:

... the dollar is said to have depreciated (in relation to the yen) and the yen has appreciated (in relation to the dollar)

Explanation:

Appreciation means a rise in value. Depreciation means a fall in value.

From $1 = 100 yen to $1.50 = 100 yen:

• 100 yen can be exchanged for more dollars (1 instead of 1.5) => the yen has appreciated
• it takes more dollars (1.5 instead of 1) to exchange for 100 yean => the dollar has depreciated