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Currency exchange rate reflect that the euro currency

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Reference no: EM133127159

Does the below currency exchange rate reflect that the Euro currency has appreciated? Spot Rate One Year Ago?

1 USD = 0.82 EUR 1 EUR = 1.2 USD

Spot Rate Today: 1 USD = 0.88 EUR 1 EUR = 1.1 USD

Which currency is stronger based on the above?

Reference no: EM133127159

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