Beginner question please..

Discussion in 'Forex' started by nepenthean, Jun 29, 2010.

  1. Thanks for taking the time to help me here!

    Hitherto I have never really thought about forex. As such, I have a question in my initial consideration.

    Take USD/AUD: 1 USD/ 1.17AUD = 0.854 USD

    So I could not say the USD is 17% more valuable than the AUD? Or do I have to be more specific as in, 'the USD is 17% more valuable in USD terms,'?

    Does my question make sense?

    Thanks for your patience!