The official reassessment of the comparative value of a currency – upwards – in relation to an underlying benchmark, such as gold, USD, Special Drawing Right or a basket of currencies. – This is always the case when the exchange rate of a currency has been above the previously determined exchange ratio for a longer period of time and is also expected to be above the exchange ratio in the future. – The exchange rate of a currency rises disproportionately for a longer period of time as a result of increasing international demand; the currency in question becomes more expensive. – See devaluation, appreciation pressure, parity, portfolio rebalancing.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/