Would you rather travel abroad to a country in which the currency is appreciating or deprecating? Why? If you have traveled aboard, were you concerned about the exchange rate? Why or why not? Briefly share your experience with foreign currency.
Ans:
If U.S currency is appreciating it means we get more of other countries currency on conversion.If i travel to a country whose currency is appreciating it means i receive less of the other countries currency for every U.S dollar converted.Hence i would travel abroad to a country in which the currency is depreciating.
I am concerned about the exchange rate as these change very frequently and it would be advantage to convert the currency when the exchange rate is higher.
my experience with foreign currency when i traveled to malaysia, as U.S. dollar appreciated and the exchange rate favoured me, i was able to enjoy more.
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