The deliberate downward adjustment of a currency's price, normally by official announcement
The lowering of the exchange rate between one country's currency and those of the rest of the world
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
A drop in the spot foreign exchange value of a currency that is pegged to other currencies or to gold See Depreciate
Situation in which a nation reduces the value of its currency in relation to gold or some other currency
Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement
The deliberate downward adjustment of a currency`s value versus the value of another currency normally caused by official announcement
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