Re: Why would a floating currency become de-valued?


"2.7182818284590..." wrote in message ...
What's the purpose of devaluing a currency, and how is this mechanism
done for a floating currency (i.e. a currency floated on an open
market)?

A point about terminology: devaluation (and revaluation) describe changes in
a fixed exchange rate. For a floating exchange rate, the terms are
depreciation and appreciation.
Under floating rates, there is no 'purpose' but just supply and demand. The
exchange rate adjusts so the amount of currency bought equals the amount of
currency sold.

Dan in Philly


.

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