Question

The above charts show the exchange rates between the US dollar and two other currencies in 2008. During the months shown, the number of Mexican pesos (MXN) in one dollar rose (from 10.2 to 13.1). The number of British pounds (£) in one dollar also rose (from .51 to .65). Based on the charts, did the value of the US dollar increase or decrease during these months?

Answer 1

During these five months, the US dollar’s exchange value increased. In the first month, July, if a person had one US dollar, they would be able to trade it for 10.2 pesos or .51 pounds. By November, this amount grew to 13.1 pesos or .65 pounds. This means that the US dollar grew more valuable during these months.

Explanation: Exact answer from Edge.

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