write the difference between currency depreciation and currency appreciation
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Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system in which no official currency value is maintained. Currency appreciation in the same context is an increase in the value of the currency.
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Currency appreciation, however, is different from the increase in value for securities. Currencies are traded in pairs. Thus, a currency appreciates when the value of one goes up in comparison to the other. ... In contrast, if a currency depreciates, it loses value against the currency against which it is being traded.
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