22. $1=41rs ,Later its $1=37rs ,Value Of Rupee Is (Appreaciated ,Depreciated,Devalued ) ?
i think its ans is depreciated not appreaciated....
Hi Rajeev,
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Currency appreciation: currency appreciates with respect to another, when its value rises in terms of the other. The rupee appreciates with respect to dollar when if the $/R exchange rate rises.
For e.g. value of rupee in terms of dollar is:
September 15 - 45
September 16 – 44
Using the percentage change formula: (new value – old value)/ old value
44-45/45 *100 =2.22% Therefore rupee has actually appreciated by 2.22%. Here the value of rupee rises against dollar by 2.2%.