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19 September, 13:25

What is a depreciation of the Thai baht relative to the Malaysian ringgit? What happens to the baht price of the ringgit in this situation?

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  1. 19 September, 16:14
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    Thai baht will take up more value to buy one ringgit and the baht price with respect to the ringgit has been depreciated

    Explanation:

    When there is a fall in the country's currency value and with respect to the currency of one country to the other country then the decrease in the value of the currency and it is called as depreciation

    In the given statement the Thai baht has been depreciated with respect to the Malaysian ringgit and there will be a new appreciation in the value of the ringgit and we can buy more with the ringgit
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