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TeachMeFinance.com - explain Favorable and unfavorable (foreign) exchange conditions historic definition... Favorable and unfavorable (foreign) exchange conditions -- If foreign exchange is quoted in the money of the country where issued a falling rate for it signifies that the exchange situation is favorable to (in favor of) the country where the exchange is issued and unfavorable to (against) the country where it is payable. In other words, the exchange is less costly the money of the country where the exchange is payable costs less in the money of the country where the exchange is issued. For instance, exchange on London is quoted in New York in dollars (and cents) and when the rate is falling the pound sterling is worth less in dollars (and cents). If foreign exchange is quoted in the money of the country where it is payable a falling rate for it signifies that the exchange situation is unfavorable to (against) the country where the exchange is issued and favorable to (in favor of) the country where it is payable. In other words, exchange is more costly the money of the country where the exchange is issued brings less in the money of the country where the exchange is payable. For instance, exchange on Paris is quoted in New York in francs and when the rate is falling less in francs (and centimes) can be obtained for the dollar. If foreign exchange is quoted in the money of the country where issued a rising rate for it signifies that the exchange situation is unfavorable to (against) the country where the exchange is issued and favorable to (in favor of) the country where it is payable. In other words, exchange is more costly the money of the country where the exchange is payable costs more in the money of the country where the exchange is issued. For instance, exchange on London is quoted in New York in dollars (and cents) and when the rate is rising the pound sterling costs more in dollars (and cents). If foreign exchange is quoted in the money of the country where it is payable a rising rate for it signifies that the exchange situation is favorable to (in favor of) the country where the exchange is issued and unfavorable to (against) the country where it is payable. In other words, exchange is less costly more in the money of the country where the exchange is payable is obtainable in the money of the country where the exchange is issued. For instance, exchange on Paris is quoted in New York in francs and when the rate is rising more in francs (and centimes) can be obtained for the dollar. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.