Exchange rate fluctuation refers to the fluctuation of currency external value, including currency depreciation and currency appreciation. The exchange rate is the price at which a country's currency is converted into other currencies. Exchange rate change refers to the change of exchange rate or the change of the value of one currency relative to another. There are many factors that cause exchange rate changes, such as trade and inflation.

Currency devaluation refers to the decline of the external value of a country's currency or the decline of its currency exchange rate. The extent of exchange rate decline is expressed by the extent of currency depreciation.

Currency appreciation refers to the rise of the external value of a country's currency or the rise of its currency exchange rate. The degree of exchange rate appreciation is expressed by currency appreciation.

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