An increase in the value of one currency relative to another is referred to as:

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Currency appreciation is the correct term used to describe an increase in the value of one currency relative to another. This can occur due to a variety of factors, such as improved economic conditions, increased demand for a country's exports, or changes in interest rates. Currency depreciation, on the other hand, refers to a decrease in the value of a currency relative to another. Terms of trade and comparative advantage are related concepts, but they do not describe changes in currency value. Terms of trade refer to the ratio of export prices to import prices, while comparative advantage refers to a country's ability to produce goods or services at a lower opportunity cost than another country.

An Increase in the Value of One Currency Relative to Another