A currency that buys more foreign goods than it did last year has:

1. Buying power against other currencies is what appreciation means. 2. A strengthening currency is said to appreciate. 3. A weakening currency is said to depreciate. 4. More foreign goods per unit of currency means the currency has strengthened. 5. So the currency has appreciated. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Exchange Rates and International Capital Flows'_