Devaluation and depreciation of currency are one and same thing. Do u agree? How do they affect exports?
No, devaluation and depreciation of currency are not one and the same thing.
Devaluation refers to reduction in the value of domestic currency by the government.
Depreciation of currency refers to decrease in the value of domestic currency in terms of foreign currency.
Devaluation refers to reduction in the value of domestic currency by the government.
Depreciation of currency refers to decrease in the value of domestic currency in terms of foreign currency.