Does anyone use these exercises? If you do, am I interpreting things correctly??

Do the notes stay the same but the fingers change and play the same two notes – for example, Exercise 1 always starts on C and D with the left hand so that when one gets to the fingering 5151 the 5th finger plays C and the 1st finger plays D – and so on – so that in effect the hand is a bit “scrunched” –

Is this correct?? Or am I missing something??

Thanks so much for your help.