So hypothetically, if an exchange rate is 1:1, then $1 = €1, right? But if the value of the Euro increases, then it would (hypothetically) be 1:2, so $1 = €2, give or take.
So if that’s the case, then would a currency value *lowering* mean it would be converted for more money? IE: if the dollar drops suddenly, potentially with inflation, and is worth a tenth of the euro, then does $1 = €10?
In: 2
I think in that last bit you mean $1 = €.10, or ten cents(pents? Not sure if they call it by another name or not).
If you take the 1:1 ratio then increase the value of the euro, each single 1 is worth more than the other, so if the euro is worth two times the dollar, it would be $1=€.50 or €1=$2
Doing the tenfold either inflation or reduction works the same.
1:10
$1=€.10 or €1=$10
I suck at math, someone double check me.
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