Question

Please explain in detail. I am confused as to the terminology.

- is this stating that 1 USD is equal to 1.33 British pound & 1 USD is equal to 1.25 British or 1 British pound is equal to to 1.33 USD and 1.25 USD?

- Does how you interpret the verbiage define the answer?

I think :

- if it reads as 1 USD=1.33 GBP, then 1 USD =1.25 GBP, the value of the GBP has decreased

- if it reads 1 GBP=1.33 USD, then 1 GBP =1.25 USD, then the value of the GBP has decreased

IS this correct, or perhaps I am overthinking it.

Practice Question 13:

The GBPUSD exchange rate was $1.3300 per pound on December 1, 2019. The GBPUSD exchange rate today is $1.2500 per pound. In the past 6 months, has the value of the British pound (relative to the U.S. dollar) increased in value, decreased in value, or remained the same?

Answer 1