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Depreciation

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  1. the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 5, 2009
  2. most often used for the unofficial increase of the exchange rate due to market forces, though sometimes it appears interchangeably with devaluation

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 5, 2009
  3. Its opposite is called appreciation

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 5, 2009
  4. of a country's currency refers to a decrease in the value of that country's currency

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 5, 2009
  5. For instance, if the Canadian dollar depreciates relative to the euro, the exchange rate (the Canadian dollar price of euros) rises - it takes more Canadian dollars to purchase 1 euro

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 5, 2009
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