AS ECONOMICS EXCHANGE RATES

The Impact of Exchange Rates – A Summary 

Depreciation 

Appreciation 

Direction of change 

Fall in the exchange rate 

Rise in the exchange rate 

Exports   

(a) Price: 

(b) Quantity: 

Cheaper 

Likely to rise 

More expensive 

Likely to fall 

Imports   

(a) Price: 

(b) Quantity:…