Definition Definition

Devaluation

Devaluation is a downward change in the official parity of an exchange rate from that which it was previously set.


Devaluation is the reduction in a currency’s value relative to other currencies or to a fixed standard.


Devaluation is the resetting of the fixed value of a currency at a lower level.


Devaluation means increasing the rate of exchange at which foreign currency will be traded for domestic currency.

 

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