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Currency devaluation |
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Currency devaluationA deliberate downward adjustment in the official exchange rates established, or pegged, by a government against a specified standard, such as another currency or gold.Currency devaluation Similar MatchesDevaluationDevaluationThe reduction in value of a currency with respect to another. DevaluationDevaluation1. Depreciation. 2. A fall in the value of a currency that has been pegged, either because of an announced reduction in the par value of the currency with the peg continuing, or because the pegged rate is abandoned and the floating rate declines. 3. A fall in the value of a currency in terms of gold or silver, meaningful only under some form of gold standard or silver standard. DevaluationDevaluationA decrease in the spot price of a currency. Often initiated by a government announcement. |
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