Answer to Question #68072 in Macroeconomics for MARIA

Question

whats the most accurate definition of a currency crisis?

Answer 1

A currency crisis - the sharp fluctuations in exchange rates, currency devaluation and revaluation. A currency crisis is a sharp depreciation of the currency of a country.

It is a type of financial crisis.

A link to a source:

https://www.theglobaleconomy.com/guide/article/74/

https://www.businessdictionary.com/definition/currency-crisis.html