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Doesn't letting it "fall" in the number of yuan per dollar actually mean it's stronger, i.e. more valuable?
by acdanger 7y ago
Doesn't letting it "fall" in the number of yuan per dollar actually mean it's stronger, i.e. more valuable?
- thaumasiotes 7y agoThe number of yuan per dollar getting lower does mean that the yuan is becoming stronger relative to the dollar. (It doesn't mean the yuan is becoming stronger; it could just be that the dollar weakened.) But that would be called a "rise" in the yuan. A "fall" in a currency always means the opposite, that the value of the currency has dropped. In the usage you're questioning, the yuan "fell" to 7+ to the dollar from its previously higher value of 6+. It's not a reduction in the number of yuan per dollar.