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A specific brand of smartphone costs ¥150,000 in Japan. A comparable smartphone made and sold in Canada costs $1,300 CAD. If the exchange rate changes from 0.010 CAD per JPY to 0.009 CAD per JPY, the imported Japanese smartphone becomes less expensive relative to the Canadian one.
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A specific brand of smartphone costs ¥150,000 in Japan. A comparable smartphone made and sold in Canada costs $1,300 CAD. If the exchange rate changes from 0.010 CAD per JPY to 0.009 CAD per JPY, the imported Japanese smartphone becomes less expensive relative to the Canadian one.