exchange rate question

T

teehee93

Member
Joined
Jun 8, 2012
Messages
218
Reaction score
0
Given this example, can anyone explain to me the meaning of it?

In June 2013, SGD1.4=AUD1, in Dec 2013, the Australian currency has grown stronger to 1.2.

What does the above statement mean? Does it mean in Dec 2013, SGD1.2=AUD1?
 
X

Xdeatel

Junior Member
Joined
May 4, 2011
Messages
46
Reaction score
0
teehee93 said:
Given this example, can anyone explain to me the meaning of it?

In June 2013, SGD1.4=AUD1, in Dec 2013, the Australian currency has grown stronger to 1.2.

What does the above statement mean? Does it mean in Dec 2013, SGD1.2=AUD1?
Click to expand...

I think the Australian currency has grown weaker relative to SGD when AUD.SGD 1.4 becomes 1.2
 
S

Shiny Things

Supremacy Member
Joined
Dec 13, 2009
Messages
9,605
Reaction score
854
teehee93 said:
In June 2013, SGD1.4=AUD1, in Dec 2013, the Australian currency has grown stronger to 1.2.

What does the above statement mean? Does it mean in Dec 2013, SGD1.2=AUD1?
Click to expand...

The example's wrong. If the rate goes from SGD 1.4 = AUD 1 to SGD 1.2 = AUD 1, the Aussie dollar has weakened, not strengthened.
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top