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!