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Whats the difference between devaluation and depreciation?

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    as the title says
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    (Original post by hotfreezer)
    as the title says
    Well I think devaluation is when the government or central bank activel steps in to devalue the currency. This only works for a fixed exchange rate. A depreciation is when the currency is on a floating exchange rate and it falls due to supply/demand. I think.
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    ah yes, that makes sense. thanks

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