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RBA Glossary definition for depreciation

depreciation – A fall in the value of an asset. In foreign-exchange terms, it is a relative decrease in the value of one currency compared to another.

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1 Jan 1992 RDP 9201
Philip Lowe
Nominal shocks which cause a temporary fall in unemployment lead to a temporary real depreciation. ... This prediction appears to be borne out in the data. The depreciation is gradually worked off over time.
https://www.rba.gov.au/publications/rdp/1992/9201/results.html

Real Exchange Rates and Productivity Growth

1 Jan 1992 RDP 9201
Philip Lowe
It is clear from this graph that there has been secular real depreciation of the Australian dollar against the yen. ... The extent of this depreciation is, however, quite sensitive to the choice of price index.
https://www.rba.gov.au/publications/rdp/1992/9201/real-exchange-rates-and-productivity-growth.html

Conclusions and Summary

1 Jan 1992 RDP 9201
Philip Lowe
Positive nominal shocks lead to a substantial temporary real depreciation and a fall in Australian unemployment.
https://www.rba.gov.au/publications/rdp/1992/9201/conclusions-and-summary.html

Real Exchange Rate Dynamics in Response to Real and Nominal Shocks: Theory and Identification

1 Jan 1992 RDP 9201
Philip Lowe
This real depreciation is the result of the nominal depreciation needed to sustain money market equilibrium. ... In such a case the initial nominal depreciation would be followed by further depreciation.
https://www.rba.gov.au/publications/rdp/1992/9201/real-exchange-rate-dynamics-in-response-to-real-and-nominal-shocks-theory-and-identification.html