Depreciation of sterling

 

 

 

Depreciation of sterling

 

Glossary of business

 

Definition of depreciation of sterling

 

A depreciation is when market forces in the foreign exchange market lower the value of one currency against another. A depreciation of sterling will make out exports appear cheaper overseas and therefore make us more competitive, but it will raise the price of imports and may therefore add to inflation.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of depreciation of sterling

 

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Meaning of depreciation of sterling

 

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What does depreciation of sterling mean ?

 

 

 

 

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