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Devaluation: meaning, definitions and examples

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devaluation

 

[ ˌdiːˌvæljuˈeɪʃən ]

Noun
Context #1 | Noun

economics

The reduction in the value of a currency in terms of other currencies, which typically leads to higher prices for imports and lower prices for exports.

Synonyms

depreciation, downgrading, reduction in value

Examples of usage

  • The devaluation of the national currency caused inflation to rise.
  • After the devaluation, foreign goods became more expensive for the local population.
  • The government decided to implement a devaluation to boost exports.
  • The devaluation had a significant impact on the economy.
  • Many countries resort to devaluation as a strategy to improve trade balance.

Translations

Translations of the word "devaluation" in other languages:

🇵🇹 desvalorização

🇮🇳 मूल्यह्रास

🇩🇪 Abwertung

🇮🇩 devaluasi

🇺🇦 девальвація

🇵🇱 dewaluacja

🇯🇵 価値の低下

🇫🇷 dévaluation

🇪🇸 devaluación

🇹🇷 devalüasyon

🇰🇷 평가절하

🇸🇦 انخفاض القيمة

🇨🇿 devalvace

🇸🇰 devalvácia

🇨🇳 贬值

🇸🇮 devalvacija

🇮🇸 gengislækkun

🇰🇿 девальвация

🇬🇪 დევალვაცია

🇦🇿 devalvasiya

🇲🇽 devaluación

Etymology

The term 'devaluation' originated in the field of economics in the early 20th century. It is derived from the combination of 'de-' meaning 'down' and 'valuation' meaning 'the act of estimating the value or worth of something.' Devaluation is often used as a monetary policy tool by governments to adjust the value of their currency in relation to other currencies. This adjustment can have various economic impacts on a country's trade balance, inflation rate, and overall economic stability.

See also: devalue, evaluable, invaluable, overvaluation, overvalue, overvalued, revaluation, undervaluation, undervalue, undervalued, unvaluable, unvalued, valuable, valuables, valuation, valuator, valued, valueless, values, valuing.

Word Frequency Rank

At position #13,680, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.