Currency Exchange Appreciationdepreciation. The following exercise is designed to help students deepen their knowledge of the impact of currency. Currency appreciation refers to increase in the value of domestic currency in terms of foreign currency. Although the effects can take time, changes in the exchange rate can have a big impact on the economy and your own standard of living and purchasing power!
Currency appreciation is an increase in the value of one currency in terms of another. 92,000 × s$ 0.037383 = s$ 3,439.25.
A decrease (increase) in a direct exchange rate represents an appreciation (depreciation) of the domestic currency relative to the foreign currency.
A forward exchange rate is a rate for exchange of currencies at some future date. Currency appreciation is an increase in the value of one currency in terms of another. To get an exchange rate for a particular day, a closing exchange rate at 23:59 greenwich mean time of that day is usually used. Find out the former exchange rate of one currency against another.
