What is meant by appreciation and depreciation of a currency? What are some reasons that a currency such as the Philippine peso depreciates? What are the effects of currency depreciation for Philippine exporters, importers and consumers?

Read the article provided at the link. It covers the changes in the value of the Philippine peso from its independence from the United States in1946 through recent times. You will summarize the article and analyze its content in terms of our Week 4 study of international financial markets.

Answer the following questions: What is meant by appreciation and depreciation of a currency? What are some reasons that a currency such as the Philippine peso depreciates? What are the effects of currency depreciation for Philippine exporters, importers and consumers?

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