B
BuySellSideTrader2020
I want to check my logic on exchange rates, example: EUR/USD means 1 EUR = 1.08 USD (current rate), a stronger dollar would mean 1 EUR = 1.15 USD
so, prior EUR/USD 1.08 with present EUR/USD 1.15
on the flip side
USD/EUR 0.92 prior, then stronger dollar means that the rate would decline to lets say 0.87
Is my logic correct?
so, prior EUR/USD 1.08 with present EUR/USD 1.15
on the flip side
USD/EUR 0.92 prior, then stronger dollar means that the rate would decline to lets say 0.87
Is my logic correct?