Depreciation (currency)

From Wikipedia, the free encyclopedia

For the accounting term, see Depreciation.

Currency depreciation is 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. It is most often used for the unofficial increase of the exchange rate due to market forces, though sometimes it appears interchangeably with devaluation. Its opposite is called appreciation.

[edit] See also

• Inflation

[edit] References

• Google Define: Currency depreciation