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Economic Affairs Balance of Payments

Match the following:

Column I

Column II

Devaluation

In the foreign exchange market when exchange rate of a domestic currency is cut down by its government against any foreign currency.

Revaluation

A term used in foreign exchange market which means a government increasing the exchange rate of its currency against any foreign currency. It is official appreciation

Appreciation

In foreign exchange market if a free floating domestic currency increases its value against the value of a foreign currency

A B C

1 2 3

A B C

3 2 1

A B C

2 3 1

A B C

3 1 2

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Explanation:

Devaluation- In the foreign exchange market when exchange rate of a domestic currency is cut down by its government against any foreign currency.
Revaluation- A term used in foreign exchange market which means a government increasing the exchange rate of its currency against any foreign currency. It is official appreciation
Appreciation- In foreign exchange market if a free floating domestic currency increases its value against the value of a foreign currency