Explain the difference between appreciation and depreciation
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Explain the difference between appreciation and depreciation of a nation's currency. How do these changes affect the foreign exchange market?
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This solution explains the difference between appreciation and depreciation of a nation's currency.
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Appreciation of a nation's currency happens when there is an increase in the value that specific currency holds. If the American dollar appreciates relative to a euro (or some other foreign currency), the exchange rate declines. It takes less American dollars to purchase the same amount of that country's foreign ...
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