Difference between revisions of "Appreciation"
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Latest revision as of 16:02, 1 July 2020
Appreciation is a rise in the value of a currency relative to other currencies in the market for foreign exchange. (Cf. depreciation.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Appreciation. A rise in the value of a currency relative to other currencies in the market for foreign exchange. (Cf. depreciation.)
