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Currency depreciation |
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Currency depreciation A decline in the value of one currency relative to another currency. Depreciation occurs when, because of a change in exchange rates, a unit of one currency buys fewer units of another currency. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| For an illustration of the effects of currency depreciation on a nominal index, see the later discussion of the evolution of the staff's broad nominal dollar index over the past twenty-five years. There was an increase in Brazil's output despite a possible decline in domestic consumption as exports, helped by the currency depreciation, rose sharply. dollar terms recently as a result of currency depreciation. |
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