what's appreciation Of domestic currency mean
Dear Student
Appreciation of domestic currency is an increase in the value of the domestic currency in terms of the foreign currency. This means that the domestic currency has become more expensive in terms of the foreign currency.
For example: if the exchange rate falls from $1 = Rs 50 to $1 = Rs 48 then we say that rupee has appreciated against the dollar.
Regards
Appreciation of domestic currency is an increase in the value of the domestic currency in terms of the foreign currency. This means that the domestic currency has become more expensive in terms of the foreign currency.
For example: if the exchange rate falls from $1 = Rs 50 to $1 = Rs 48 then we say that rupee has appreciated against the dollar.
Regards