CURS VALUTAR, DEVALORIZARE, REVALORIZARE, DEPRECIERE, REPRECIERE, REAPRECIERE
FOREIGN EXCHANGE RATE, DEVALUATION, REVALUATION, DEPRECIATION

Summary/Abstract: Quotation is the specific name to express the setting of the exchange rate. Currency quotation consists in determining the exchange rate (price) at which transactions are made on the foreign exchange market and results from the supply-demand ratio between currencies. The exchange rate means the „price” of a currency expressed in another currency, ie the „price” at which one country’s currency is exchanged for another country’s currency. Depreciation means the decrease, in the free market (at foreign exchange offices and in commercial banks), of the „price” of one currency, compared to the currency of another country. Depreciation is the inverse of depreciation. The devaluation means the official reduction, established by the national / central bank, of the national currency, against another currency. Revaluation is the reverse of devaluation. The national currency is the monetary sign, money (metal or paper), which has legal tender in the territory of a state, which is admitted and used in a country. Foreign exchange operations represent receipts, payments, clearings, transfers, loans, as well as any transactions expressed in foreign currencies and which can be performed by bank transfer, cash, payment instruments or any other payment methods practiced by credit institutions according to of the nature of that operation. The foreign exchange market represents the market on which foreign exchange operations are carried out and which includes: a) the interbank foreign exchange market; b) the foreign exchange market of the exchange offices; c) the foreign exchange market of the entities that benefit from express legal provisions. The free foreign exchange market expresses the foreign exchange operations carried out by the exchange offices and by the commercial banks at the exchange rate established „on the free market”, without any intervention and / or control from the national / central bank. The official foreign exchange market expresses the foreign exchange operations carried out at the exchange rate established by the national / central bank. Repreciation means an increase, on the free market (in foreign exchange offices and in commercial banks), of the „price” of one currency, compared to the currency of another country. The revaluation means the official price, established by the national / central bank, of the national currency, compared to another currency. Currency represents: the monetary unit of another state; all means of payment expressed in the currency of another state, which can be used in international payments (settlements); the currency of a monetary union of some states; compound coins, such as special drawing rights. The strong currency is the currency that is accepted as a means of payment by several countries. Quoted currencies are the currencies mentioned in the list of exchange rates of the foreign exchange market, communicated by the national / central bank of a country.

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