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What does it mean when the dollar appreciates?
Questioner:Emily Johnson 2023-06-11 13:54:28
The most authoritative answer in 2024
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Aiden Taylor——Works at Uber, Lives in San Francisco, CA
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 in which no official currency value is maintained. Currency appreciation in the same context is an increase in the value of the currency.
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