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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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Introduction

1 Nov 1990 RDP 9006
Jerome Fahrer
Branson (1986) considers the large real appreciation of the $US in the early 1980's to have been an equilibrium response to a permanently more expansionary fiscal policy.
https://www.rba.gov.au/publications/rdp/1990/9006/introduction.html

The Model

1 Nov 1990 RDP 9006
Jerome Fahrer
An appreciation of the real exchange rate is then required for intertemporal equilibrium.
https://www.rba.gov.au/publications/rdp/1990/9006/model.html