Down against currency meaning in English

Learn how to use Down against currency correctly with Gymglish.
Test and improve your English. Start your free trial today.

TEST YOUR ENGLISH Free trial and no commitment to buy

4,7 on App Store, Play Store and Trustpilot More than 8 million learners worldwide

Definition

(The Euro is) down against (the Dollar today): (The Euro) has lost value compared to (the Dollar today) idiom

Examples

"Actually, that suits me – the Australian Dollar is down against the US Dollar at the moment."

Exercise 1

In the conversation, we hear that "the Australian Dollar is down against the US Dollar at the moment".

This means that:

The Australian Dollar has retained its value in relation to the US Dollar.

The Australian Dollar is competitive with the US Dollar.

The Australian Dollar has increased in value in relation to the US Dollar.

The Australian Dollar has decreased in value in relation to the US Dollar.

I don't know

In the conversation, we hear that "the Australian Dollar is down against the US Dollar at the moment".

This means that:

The Australian Dollar has retained its value in relation to the US Dollar.

This is not the correct choice. To "retain a value" is to "keep" or "maintain" the same value. This does not define "the Australian Dollar is down against the US Dollar".

The Australian Dollar is competitive with the US Dollar.

This is not the correct choice. If one currency is "down against" another, it is not necessarily "competitive" with that other currency.

The Australian Dollar has increased in value in relation to the US Dollar.

This is actually the opposite of the meaning of "down against" in this context. If the Australian Dollar increases in value in comparison to the American Dollar, then we can say that "The American Dollar is down against the Australian Dollar".

The Australian Dollar has decreased in value in relation to the US Dollar.

This is the right answer. If one currency is "down against" another currency, then it has lost value in comparison. We could also say that the Australian Dollar is currently "weaker than" the US Dollar. Here's another example: "The Euro is currently down against the Pound, so 1 Pound is worth about 1.6 Euros".

Still unsure of the best way to use 'Down against currency'? Improve your English thanks to our online English lessons. We offer a free test as well as a free level assessment!

What our users say:

Pleasure

Victor (Cologne, Germany)

I enjoy doing my online English lessons. Only ten minutes daily are enough...Thank you!

Innovative

Marie (Amsterdam, The Netherlands)

I love your innovative method which allows me to learn a new language and have fun at the same time!

Unique

Georges (San Francisco, USA)

Your method is unique! Your courses have helped me to progress and gain confidence during my travels.

Progress

Maya (Paris, France)

Gymglish has allowed me to improve my English. A daily routine I wouldn't miss for anything in the world!

More testimonials.

Test your English with Gymglish today and get a free level assessment

Absolutely free - no strings attached.

TEST YOUR ENGLISH