What is a depreciation of the thai baht relative to the malaysian ringgit? what happens to the baht price of the ringgit in this situation?

The Thai baht might cost more to acquire one ringgit, as well as the baht's worth against the ringgit has fallen.

Whenever the worth of a nation's currency falls in relation to the currency of another country, the drop in the currency's value is referred to as depreciation.

According to the stated statement, the Thai baht has fallen against the Malaysian ringgit, as well as the ringgit's value would rise again, allowing us to buy mostly with the ringgit.

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Thai baht will take up more value to buy one ringgit and the baht price with respect to the ringgit has been depreciated

Explanation:

When there is a fall in the country's currency value and with respect to the currency of one country to the other country then the decrease in the value of the currency and it is called as depreciation

In the given statement the Thai baht has been depreciated with respect to the Malaysian ringgit and there will be a new appreciation in the value of the ringgit and we can buy more with the ringgit

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