The intentional or deliberate lowering of a currency's value compared to another country's currency or a standard value -- the price of gold for example
A reduction in a country's official rate at which one currency is trade for another A devaluation makes a country's exports cheaper abroad and makes imports more expensive
Reduction in the exchange value of a country's monetary unit in terms of gold, silver, or foreign currency. By decreasing the price of the home country's exports abroad and increasing the price of imports in the home country, devaluation encourages the home country's export sales and discourages expenditures on imports, thus improving its balance of payments
The official reduction of the value of a nation's currency in terms of one or more foreign currencies, a standard (generally gold), special drawing rights or the US dollar Therefore, if the US dollar is devalued in relation to the German mark, one dollar will buy fewer marks then before the devaluation
Lowering of the value of a country's currency relative to the currencies of other nations When a nation devalues its currency, the goods it imports become more expensive, while its exports become less expensive abroad and thus more competitive BACK TO TOP
Lowering of the value of a country's currency relative to gold and/or the currencies of other nations Devaluation can also result from a rise in value of other currencies relative to the currency of a particular country
The drop in the value of one currency relative to another Developing countries have often been encouraged to devalue their currency as part of IMF / World Bank structural adjustment programs as a means of increasing the costs of imports and decreasing the cost of exports, thereby increasing competitiveness
The reduction in the exchange value of currency by lowering its gold- or hard-currency equivalency A country may "prop-up" or overvalue its currency by using US dollars (or other "hard currency") to buy up their own currency This makes the value of their currency artificially high [TOP]]
Simply the decline in value of one currency versus the value of another currency caused by either market forces or by official designated exchange rates
The official lowering of the value of one country's currency in terms of one or more foreign currencies For example, if the U S dollar is devalued in relation to the French franc, one dollar will "buy" fewer francs than before
the reduction of something's value or worth an official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries