A depreciation of one's currency means that:

Question

Quizplus · Accepted Answer

A depreciation of a currency means that it is now worth less compared to other currencies. Therefore, it would require more units of this currency to purchase one unit of another currency, which means it requires more of this currency in exchange for one unit of another currency. This would result in the country's exports becoming cheaper and more attractive to foreign buyers, while the imports become more expensive for the country.

A Depreciation of One's Currency Means That