Currencies and Strong vs Weak terminology

Note to self:

1. When a currency is labelled as being strong, it means that you get more of the other currency against the currency (eg: US$ is stronger than the Indian Rupee, that would mean you get more rupees per US$).

2. When a currency is labelled as being weak, it means that you get fewer of the other currency against the currency (eg: US$ is weaker than the Indian rupee, that would mean you get fewer rupees per US$).

So in this chart, the US$ has become stronger when compared to the INR (because you getting more INR per $ (INR 63.2/$) today than 52 weeks ago (INR 74.4/$)).

When a currency is stronger than its counterpart, different people benefit: The weaker sides exporters are happier as their exports are cheaper and the stronger sides exporters are less happy as their exports

	US Exporter	US Importer	US Currency Holder	Indian Exporter	Indian Importer	Indian Currency Holder
US$ stronger/INR weaker	Unhappy Exports cost more	Happy Imports cost less	Happy More INR per $	Happy Exports cost less	Unhappy Imports cost less	Unhappy Fewer $ per INR
US$ weaker/INR stronger	Happy Exports cost less	Unhappy Imports cost more	Unhappy Fewer INR per $	Unhappy Exports cost more	Happy Imports cost less	Happy More $ per INR
Examples	Caterpillar, Boeing, US Software companies	Walmart, World Market	American tourist to India	Indian Software companies, Indian manufacturers	International companies that manufacture their goods elsewhere and import to India, Indian resellers	Indian tourist/student travelling to US