Question 970 foreign exchange rate, no explanation
Examine the below graph.
Which of the below statements is NOT correct?
(a) The currency quote AUD/GBP is called a ‘cross rate’.
(b) The AUD appreciated against the GBP over the period from 1955 to 2018.
(c) The AUD depreciated against the USD over the period from 1955 to 2018.
(d) The y-axis on the ‘AUD/USD’ chart would be measured in AUD per one USD.
Copyright © 2014 Keith Woodward