AUD Depreciation Against JPY in August 2023
To calculate the appreciation or depreciation of AUD against JPY, we need to compare the exchange rate at the beginning and end of the given period.
On Monday, August 7, 2023, the AUD was worth JPY 95.
After one month, the exchange rate changed to one AUD turning JPY 85.
To find the change in exchange rate, we can subtract the initial exchange rate from the final exchange rate:
JPY 85 - JPY 95 = -JPY 10
Since the result is negative, it means the AUD has depreciated against the JPY by JPY 10.
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