In January 2007, before the financial crisis, the exchange rate was $1 30 per euro In July 2008, during the financial crisis, the exchange rate was $1 58 per euro Was this change in the dollar euro exchange rate good news or bad news for U S firms exporting goods and services to Europe Was it good ...

Between January 2007 and July 2008 the euro appreciated against the US doll ...

In January 2007, before the financial crisis, the exchange rate was $1.30 per euro. In July 2008,

Question:

In January 2007, before the financial crisis, the was $1.30 per euro. In July 2008, during the financial crisis, the was $1.58 per euro. Was this change in the dollar-euro good news or bad news for U.S. firms exporting goods and services to Europe? Was it good news or bad news for European consumers buying goods and services imported from the United States? Briefly explain.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...