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RBA Glossary definition for appreciation

appreciation – An increase in the value of an asset. In foreign-exchange terms, it is a relative increase in the value of one currency compared to another.

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References

1 May 1993 RDP 9304
Jacqueline Dwyer, Christopher Kent and Andrew Pease
10:23–29. Prices Surveillance Authority (1989), ‘Inquiry Into Effects of Exchange Rate Appreciation on Prices of Consumer Goods’, Report No.
https://www.rba.gov.au/publications/rdp/1993/9304/references.html

Analysis of Results

1 May 1993 RDP 9304
Jacqueline Dwyer, Christopher Kent and Andrew Pease
This finding is contrary to reports that the pattern of pass-through was different during the episode of currency appreciation in the late 1980s (Prices Surveillance Authority 1989).
https://www.rba.gov.au/publications/rdp/1993/9304/analysis-results.html