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Banking Term: Currency Depreciation

Find important banking term that is useful in upcoming banking exam.

Mar 18, 2015 17:11 IST
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Banking Term: Currency Depreciation

  • It is the fall in the exchange rate of one currency in terms of other currency.
  • This term is usually applied to floating exchange rate
  • Downward changes in fixed rate of exchange are called devaluation’
  • Countries with weak economic fundamentals such as chronic current account deficits and high rates of inflation generally have depreciating currencies

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