Difference between Depreciation and Devaluation I A Level and IB Economics

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=nkuaXOWCrBs

A depreciation of the value of the exchange rate happens in a floating currency system whereas a devaluation happens inside a fixed or semi-fixed exchange rate system.The central bank changes the official peg / currency anchor price for official trading. This short revision video clip looks at some recent examples. • #aqaeconomics #ibeconomics #edexceleconomics

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