What is Appreciation and depreciation?
Currencies (forex)A currency appreciates when it gets stronger (buys more foreign money) and depreciates when it gets weaker.
Think of it like: Your holiday money buying more abroad one year, and less the next.
Real example: The Japanese yen depreciated from about 115 to over 150 per dollar between 2022 and 2024.
Lesson: Why currencies move Practise it now: Headline Reflex