"drop in the currency" is a correct and commonly used phrase in written English.
It refers to a decrease or decline in the value of a country's currency compared to other currencies. Example: "Many investors were concerned about the unexpected drop in the currency, causing stock prices to plummet."
The big drop in the currency is being felt across the country in many ways.
Fearing a further drop in the currency, the central bank raised interest rates by a percentage point, to 7.5%, on June 10th.
A drop in the currency could actually please the central bank, because its persistent strength has been at odds with weakness in the country's commodity prices.
With a large share of food and consumer goods imported, purchasing power has been decimated by the large drop in the currency.
That is because after years of coping with a strong peso they stand to benefit from a sharp drop in the currency against the American dollar (largely because of the fall in prices for Colombia's oil exports).
The appreciation prompted Bank of Japan intervention last year to weaken the yen, a move that generated a short-term drop in the currency but no long-run halt to its increase.Generally speaking, this is the sort of thing we'd expect to see happen after a long period of imbalance.
Drops in the currency would quickly "pass through" into domestic inflation: import costs would jump, wages would rise in response, pushing up prices throughout the economy.
"The sharp drop witnessed in the currency markets following the Brexit decision has forced us to re-evaluate the OnePlus 3's pricing in the UK at a time of significant demand," a spokesperson for OnePlus said at the time.
A drop in the Indonesian currency sent the rupiah to 10,755 per dollar, its lowest level since April 2009.
The drop in the UK currency makes imports more expensive and retailers and manufacturers will probably pass on those higher costs to end consumers.
But a drop in the British currency over the last year attracted some foreign investors while others are looking for a hedge against inflation and are attracted by lower prices and interest rates.
