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Financial Terms

Depreciation

A currency's decrease in value, also known as depreciation, can be influenced by various factors such as political turmoil and weakening economic conditions. This results in a decrease in its exchange rate when compared to other currencies. It is important to understand and monitor these fluctuations in order to make informed financial decisions. As a wise investor, it is crucial to stay abreast of current events and their impact on currency exchange rates.
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