Columbia Southern University Purpose of the Forex Rates in Companies Discussion

Question Description

I’m working on a business question and need support to help me study.

Select a currency other than the U.S. dollar (such as the Euro, Swiss Franc, Yen, or another currency of your choosing), and research the current exchange rate between it and the U.S. dollar. If the chosen currency against the U.S. dollar depreciates, can the U.S. dollar buy more or less of the chosen currency? Please explain.