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- Dictionarydevaluation/ˌdiːvaljʊˈeɪʃn/
noun
- 1. the reduction or underestimation of the worth or importance of something: "the general devaluation of expertise in our culture"
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Aug 13, 2023 · What Is Devaluation? Devaluation is the deliberate downward adjustment of the value of a country's money relative to another currency or standard.
A Devaluation occurs when the official value of a currency declines in relation to other currencies. We use the term when the decline is forced. In other words, the authorities planned it. A devaluation is also the underestimation or reduction of the importance or worth of something.
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket.
Devaluation is a downward adjustment to a country’s value of money relative to a foreign currency or standard. Many countries that operate using a fixed exchange rate tend to use devaluation as a monetary policy tool to control supply and demand. Summary.
Sep 29, 2020 · Devaluation refers to a decrease in a currency 's value with respect to other currencies. How Does Devaluation Work? A currency is considered devalued when it loses value relative to other currencies in the foreign exchange market. A currency 's devaluation is the result of a nation's monetary policy.
The meaning of DEVALUATION is an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency. How to use devaluation in a sentence.
devaluation, reduction in the exchange value of a country’s monetary unit in terms of gold, silver, or foreign monetary units. Devaluation is employed to eliminate persistent balance-of-payments deficits.
Devaluation is a deliberate action taken by a government or central bank to adjust the official exchange rate, while depreciation is a decline in the currency's value due to market forces.
Oct 30, 2017 · DEVALUATION definition: 1. the action of reducing the rate at which money can be exchanged for foreign money: 2. the…. Learn more.
the action of causing someone or something to be considered less valuable or important: Does staying at home as a mother just encourage the devaluation of women professionally? The existence of slavery represents a devaluation of human life. More examples. SMART Vocabulary: related words and phrases. See. devalue.
