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Glite Dictionary
devaluation

devaluation

18 5.5
An official fall in a country's currency value against other currencies
  • noun
  • /ˌdiːvæljuˈeɪʃən/
  • Specialized
translation icon : devaluación
  • Local businesses are struggling due to the recent devaluation of their national currency.
  • currency devaluation
  • devaluation of the peso
  • exchange rate devaluation

So what they chose was actually quite a rapid devaluation of currency by fixing.

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Examples

  • Finally, every presidential succession since 1970 has been accompanied by an abrupt devaluation of the peso.

    Academic text (1999)

  • For that matter, the latest ruble devaluation in August 1998 has also made Russian oil production more attractive.

    Academic text (1999)

  • We're in the devaluation phase.

    Midsommar (2019)

  • That is pure devaluation of a currency without anybody really understanding it.

    Evan Carmichael

  • The recent Brazilian devaluation also suggests that the new plan would fail.

    Academic text (1999)

  • The USA and China would absolutely hate to see a devaluation of the euro.

    Blog text (6)

  • In the short run, a country can benefit from devaluations.

    Academic text (1999)

  • And the biggest single point of the deal is monetary manipulation, devaluation of the currency.

    One Nation Under Trump (2016)

  • A benefit of devaluation was that exporters could be paid far more cedis for exports.

    Academic text (1991)

  • The 100-year period since 1913 has seen a 98% devaluation of the currency.

    Blog text (13)

Synonyms

depreciation
vsdevaluation
  • Specialized
3 6.3

A fall in value of things like property or money over time

is an official government action rather than a market driven decline

Antonyms

appreciation
  • Specialized
17 4.2

An increase in the value of something over time

How Low

collapse
350 4.1
devaluation
  • Specialized
18 5.5
depreciation
  • Specialized
3 6.3

Surface Forms

devaluation singular
devaluations plural

Morphology

devaluation = devalue (semi-transparent) = de + value + ation

This is a standard noun formation from the verb 'devalue', meaning the act or process of reducing value.

Etymology

Devaluation comes from the prefix de- meaning 'down' and the common word value meaning 'worth'. So, devaluation is the 'bringing down' of value, and for money it means a government officially lowers how much a currency is worth.