Depreciation of the euro change the dollar price

Question

If the European euro declines in value (depreciates) in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States?  Suppose you were planning a trip to Paris.  How would the depreciation of the euro change the dollar price of this trip?

Answer 1

If the European euro declines in value, it means that Americans can receive more francs for each dollar. Therefore, they do not need as many dollars to pay the franc price of a bottle of French wine, so the quantity demanded would rise and it should be easier to sell French wine in the U.S.  Likewise, the franc depreciation would make it less costly for Americans to travel in France, since the dollar would now buy more francs (assuming that prices inside France have not risen to entirely offset the depreciation of the franc).