What term means a currency loses value under a floating exchange rate?

What term means a currency loses value under a floating exchange rate? Depreciation is the term for a currency losing value under a floating exchange rate.

In a floating system, market forces such as demand, trade flows, interest-rate expectations, inflation prospects and investment movements influence the exchange rate. If demand for a currency falls relative to another currency, its market value can decline; that decline is called depreciation.

Depreciation is different from devaluation. Devaluation is an official reduction imposed by a monetary authority within a fixed or managed exchange-rate system. Conversely, appreciation describes a market-driven rise in a floating currency’s value, while revaluation usually refers to an official increase in a fixed rate.

A weaker currency can make a country’s exports cheaper for overseas buyers, but it also makes imports more expensive in domestic currency. That can support exporters while adding inflationary pressure, especially where a country relies heavily on imported fuel, food or industrial inputs.