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If $1 bought 11 SEK three months ago and buys you 10 SEK today the purchase cost of the SEK has risen when measured in dollars.

Skepticism is the first step on the road to truth. -- Denis Diderot
by ATinNM on Fri Aug 12th, 2011 at 12:55:55 PM EST
[ Parent ]
Indeed. But what the graph actually says, should you inspect the relevant axis, is that last month it cost € 0.11 to buy SEK 1, and now it costs € 0.10.

So € 1 used to buy SEK 9, and now it's buying SEK 10.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 03:17:31 PM EST
[ Parent ]

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