currency appreciation vs depreciation although, currency, domestic, problems, foreign

joehogue

Hi,

although I read the currency stuff several times now, I am still confused with the effects of curreny appreciation and depreciation. I just can`t remind when I loose money.

If currency rates are quoted, I can calculate the effects. However, in some exams questions appeared where my home or the foreign currency depreciated or appreciated and I have problems to remind the effect on my domestic currency reurn (gain or loss).

Is there any good rule of thumb, where I can remind me this stuff for tomorrow?

Thank you very much in advance

Greg