Devaluation vs Depreciation - Dragoman Transcreation

What this episode covers

Turkish lira is losing value agaist major currencies including US dollar and Euro. Which is the correct verb to use when translating into English: Devaluation (because the currency is losing value) or Depreciation? The correct answer is ‘depreciation’. Devaluation happens in fixed currency regimes when a government voluntarily reduces the value of its currency. It is their decision. Depreciation happens in floating currency regimes and Turkey has a floating currency regime. Turkish government does not and cannot declare the value […]Become a supporter of this podcast: https://www.spreaker.com/podcast/dragoman-transcreation--4083088/support.

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How long is this episode of Dragoman Transcreation?

This episode is 1 minute long.

When was this Dragoman Transcreation episode published?

This episode was published on October 18, 2018.

What is this episode about?

Turkish lira is losing value agaist major currencies including US dollar and Euro. Which is the correct verb to use when translating into English: Devaluation (because the currency is losing value) or Depreciation? The correct answer is...

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