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Devaluing: meaning, definitions and examples

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devaluing

 

[dɪˈvæljuɪŋ ]

Definition

Context #1 | Verb

economy

To reduce the official value of a currency in relation to other currencies, resulting in a decrease in its purchasing power.

Synonyms

debase, depreciate, depreciate.

Which Synonym Should You Choose?

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Word Description / Examples
devaluing

Primarily used in economic or financial contexts to describe lowering the value of a currency. It's deliberate and often performed by governments.

  • The government is devaluing the national currency to boost exports.
  • Devaluing the currency can lead to inflation.
depreciate

Commonly used in finance and accounting to refer to the reduction in value of assets over time.

  • Cars depreciate in value the moment they are driven off the lot.
  • The company had to account for the depreciation of their equipment.
debase

Used when discussing lowering the quality or value of something, often in a moral or social sense. Has a negative connotation.

  • Adding too many fillers can debase the quality of the product.
  • The scandal served to debase the reputation of the institution.

Examples of usage

  • The government is devaluing the currency to boost exports.
  • Devaluing the currency may lead to inflation.
  • The decision to devalue the currency was met with mixed reactions.

Interesting Facts

Economics

  • Devaluing is often a government action to reduce the value of its currency, making exports cheaper but imports more expensive.
  • Countries may deliberately devalue their currency to boost local industries by making their goods more attractive to foreign buyers.
  • Historical events, like the Great Depression, saw significant devaluation impacts that affected economies worldwide.

Psychology

  • In relationships, devaluing can occur when one partner starts to undermine the other's worth, leading to emotional distress.
  • People sometimes devalue experiences or possessions as a coping mechanism, making it easier to let go of them.
  • Devaluing oneself can stem from negative self-talk, where individuals mistakenly believe they are less worthy than others.

Literature

  • In many literary works, characters may experience devaluation from society, reflecting themes of isolation and identity crisis.
  • Devaluing can be a thematic device in storytelling, showcasing how perceptions can change over time or in different contexts.
  • Classic novels often depict social class struggles, where characters face devaluation due to their economic status.

Sociology

  • In social contexts, devaluing can occur in biases against certain groups, affecting their status in society.
  • Cultural narratives can contribute to the devaluation of various identities, influencing how people view themselves and each other.
  • Social movements often seek to counteract the devaluation of marginalized groups to promote equality and respect.

Pop Culture

  • Media often reflects societal values, but it can also lead to the devaluation of particular celebrities or trends as newer things take their place.
  • Reality shows sometimes portray contestants in a devaluing light, emphasizing competition over individual worth.
  • The rise of social media has led to both the elevation and devaluation of public figures, as opinions can change rapidly online.

Translations

Translations of the word "devaluing" in other languages:

🇵🇹 desvalorização

🇮🇳 मूल्य कम करना

🇩🇪 Entwertung

🇮🇩 devaluasi

🇺🇦 знецінення

🇵🇱 dewaluacja

🇯🇵 価値を下げること

🇫🇷 dévaluation

🇪🇸 devaluación

🇹🇷 devalüasyon

🇰🇷 가치 하락

🇸🇦 خفض القيمة

🇨🇿 devalvace

🇸🇰 devalvácia

🇨🇳 贬值

🇸🇮 devalvacija

🇮🇸 gildisrýrnun

🇰🇿 құнсыздандыру

🇬🇪 გაუფასურება

🇦🇿 devalvasiya

🇲🇽 devaluación

Word Frequency Rank

This word's position of #32,353 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.