| 单词 | appreciation, currency |
| 释义 | appreciation, currency A rise in the price of a country's currency in terms of foreign currency. This makes foreign goods cheaper relative to home-produced goods, which tends to increase imports, and it makes home-produced goods dearer abroad, which tends to decrease exports. Currency appreciation is thus generally bad for a country's balance of trade. Lower import prices, however, tend to reduce inflation. |
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