Question

Distinguish between revaluation and appreciation of domestic currency?

Answer 1

Answer:

Appreciation is when the value of a currency goes up in comparison to other currencies. Revaluation is an official rise in the price of the currency within a fixed exchange rate system. ... The diference is that depreciation occurs in a floating exchange rate whereas devaluation happens in a fixed exchange rate.

Explanation:

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Answer 2

*Revaluation Currency:

A revaluation is a calculated upward adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can include wage rates, the price of gold, or a foreign currency. Revaluation is the opposite of devaluation, which is a downward adjustment of a country's official exchange rate.

Domestic currency:-The domestic currency is that which is legal tender in the economy and issued by the monetary authority for that economy, or for the common currency area to which the economy belongs.

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