the currency is said to depreciate when exchange rates change so that a unit of its currency can buy fewer units of foreign currency
To fall in value; to become of less worth; to sink in estimation; as, a paper currency will depreciate, unless it is convertible into specie
di-'prE-shE-"At; verb 1) to lower in estimation or esteem 2) to lower the price or estimated value of more
To depreciate an asset is to spread its cost over the time you use it You charge depreciation expense for the asset each period The total depreciation taken for an asset is stored in the accumulated depreciation account
To lessen in price or estimated value; to lower the worth of; to represent as of little value or claim to esteem; to undervalue
{f} reduce the value or cost (of an item or a currency); be reduced in value or cost; disparage
In the context of foreign exchange rates, a drop in the spot foreign exchange value of a floating currency; i e , a currency the value of which is determined by open market transactions See Devaluation In the context of accounting, a periodic charge (expense) that represents the allocation of the cost of a fixed asset to various time periods