Thanks for taking the time to help me here!
Hitherto I have never really thought about forex. As such, I have a question in my initial consideration.
Take USD/AUD: 1 USD/ 1.17AUD = 0.854 USD
So I could not say the USD is 17% more valuable than the AUD? Or do I have to be more specific as in, 'the USD is 17% more valuable in USD terms,'?
Does my question make sense?
Thanks for your patience!
Hitherto I have never really thought about forex. As such, I have a question in my initial consideration.
Take USD/AUD: 1 USD/ 1.17AUD = 0.854 USD
So I could not say the USD is 17% more valuable than the AUD? Or do I have to be more specific as in, 'the USD is 17% more valuable in USD terms,'?
Does my question make sense?
Thanks for your patience!