Plain-English definitions for the terms you'll encounter on your financial journey.
An increase in the value of one currency relative to another. This makes imports cheaper for the country with the stronger currency but makes its exports more expensive for others.
An increase in the value of one currency relative to another currency in the foreign exchange market.
Net Unrealized Appreciation is a tax break that allows you to pay lower tax rates on company stock you take out of your 401(k) when you retire. It turns the growth on that stock into a lower-taxed investment gain rather than regular income.