Second, the actual exchange rate is quite volatile, with periods of substantial appreciation in the late 1980s and throughout the 2000s, and a decade of depreciation during the 1990s. (theglobeandmail.com)
The future was cast as a recognizable, ordinary reality, taking on a tone that really only draws a cult following, but warrants substantial appreciation. (news.ycombinator.com)
Therefore, equity owners bear the ultimate risk of failure or the supreme reward of substantial appreciation. (investopedia.com)