42 - Impact of changing exchange rates

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Last updated 11:25 PM on 5/19/26
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7 Terms

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Appreciate

Where the value of a currency rises owing to market forces, the exchange rate increases as a result

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Revalued

When a government fixes a new higher exchange rate

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Depreciate

Where the value of a currency falls owing to market forces, the exchange rate falls as a result

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Devalued

When a government fixes a new lower exchange rate

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TABLE

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GOV POLICIES

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ER and price elasticity

A current account deficit only improves if PED of exp + imp is elastic.

It does not work on primary goods