What is difference between devaluation and depreciation of currency?
Under a fixed exchange rate system, devaluation and revaluation are official changes in the value of a country’s currency relative to other currencies. Under a floating exchange rate system, market forces generate changes in the value of the currency, known as currency depreciation or appreciation.
        
        Originally written on 
        July 26, 2011 
        and last modified on 
        July 26, 2011.