Birdwatch Note Rating
2023-09-03 20:37:34 UTC - HELPFUL
Rated by Participant: F00951364BF5C43317D92532BC65A2AEFE4F70531304E69A73E406DA2CA6E40F
Participant Details
Original Note:
A currency appreciates in value by being able to buy more units of another currency and/or more goods and services. In this case, the Ruble has fallen significantly in value and the Dollar has risen in value because the Dollar can buy more Rubles than a year ago. https://www.investopedia.com/terms/e/exchangerate.asp https://www.forbes.com/advisor/money-transfer/currency-converter/rub-usd/
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