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2. What is the difference between a depreciation of the dollar and a devaluation of the dollar?
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2. What is the difference between a depreciation of the dollar and a devaluation of the dollar?

User Guilffer
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Essentially devaluation is changing the value of a currency in a fixed exchange rate. A depreciation is reducing the value in a floating exchange rate.
User Nicola Gigante
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Answer:

A devaluation occurs when a country makes a decision to lower its exchange rate in a fixed or semi-fixed exchange rate. A depreciation is when there is a fall in the value of a currency in a floating exchange rate.

User Jakub Michalko
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