Exam Support: Use our Grade Booster 2023 online courses for your upcoming exams. Enrol here


Currency Depreciation

A currency depreciation happens inside a floating exchange rate system and means that one currency (e.g. the £) buys less of another currency (e.g. the US dollar or the Euro). E.g. the pound falls from £1 buys Euro 1.30 to £1 buys Euro 1.10.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.