devaluation

noun

Pronunciation: /ˌdiːvæljuˈeɪʃən/

Definition

A deliberate downward adjustment of a country's currency value relative to a foreign currency or standard.

Examples

• The central bank's decision to trigger a devaluation caught international investors completely off guard.

• Persistent inflation often forces a government to consider the devaluation of its national currency to remain competitive.

• Economists debated whether the recent devaluation would actually boost exports or simply increase the cost of living.

How to Use devaluation

devaluation of (prepositional phrase)

The act of lowering the value of a specific thing. — "The devaluation of the currency caused panic in the markets."

currency devaluation (collocation)

The specific economic act of lowering a currency's official rate. — "Many developing nations use currency devaluation to encourage foreign tourism."

Synonyms of devaluation

Words with a similar meaning to devaluation:

• drop
• reduction
• depreciation
• debasement

Antonyms of devaluation

Words with the opposite meaning to devaluation:

• revaluation

Browse the full Anaversity dictionary