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Higher interest rates can increase a currency's value. They can attract more overseas investment, which means more money coming into a country and higher demand for the currency.

When the value of a currency changes, prices for goods traded using that currency can be affected. A currency appreciation (when the value increases over time) results in a lower effective price for imported goods; currency depreciation (when the value decreases over time) translates to higher import prices.

When $1 = Rs. 75 becomes $1 = Rs. 76, while the Dollar is said to have appreciated, simultaneously, Indian Rupees is said to have depreciated against the Dollar. Alternatively, if $1 = 75 becomes $1 = 73, while the Dollar is said to have depreciated at the very same time, Indian Rupees is said to have appreciated.

Currency appreciation benefits consumers, as it makes foreign goods cheaper, but it harms national producers who face greater competition with foreign producers. A depreciation has the opposite effect.

There are four main types of exchange rate regimes: freely floating, fixed, pegged (also known as adjustable peg, crawling peg, basket peg, or target zone or bands ), and managed float.

Currency appreciation can be defined as a rise in the national currency's value compared to international currencies. In contrast, currency depreciation can be defined as a fall in the national currency's value compared to international currencies.

It makes foreign goods cheaper in the domestic market as more goods can be purchased in dollars with the same amount of rupees. Thus it leads to a rise in imports. A change from 1$= ?60 to 1$ = ?64 represents a depreciation of the currency. A change from 1$ = ?64 to 1$ = ?60 represents appreciation of the currency.

The U.S. dollar appreciates when demand for the currency rises relative to demand for other currencies. This might happen in times of weaker growth prospects outside of the U.S. or in times of increased global uncertainty, as U.S. government assets benefit from being perceived as a safe haven.

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Outside Quebec Persons coming to CanadaAmount of funds required per year (doesn't include tuition)Amount of funds required per month (additional to the tuition)You (the student)CAN$10,000CAN$833First family memberCAN$4,000CAN$333Every additional accompanying family memberCAN$3,000CAN$255