Did the foreign currencies increase or decrease in dollar

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Reference no: EM13145149

Slick Co. had a Swiss franc receivable resulting from exports to Switzerland and a Mexican peso payable resulting from imports from Mexico. Slick recorded foreign exchange gains related to both its franc receivable and peso payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

Reference no: EM13145149

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