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Meaning of devaluation
The act of reducing the value or price of something, especially a currency.
Etymology of devaluation
The word "devaluation" originated in the mid-20th century, derived from the prefix "de-" meaning "remove" or "reduce", and the noun "valuation" meaning "the act of valuing" or "estimation of value".
The term is often used in economics and finance to describe the intentional reduction of a currency's value by a government or central bank.
Synonyms
depreciation
devaluation
downgrade
debasement
deterioration
decline
decrease
reduction
slump
downturn
slide
drop
fall
plummet
crash
collapse
undervaluation
write-down
markdown
discount
decrease
diminution
lessening
weakening
erosion
degradation
Definitions
- The act of officially reducing the value of a country's currency in relation to other currencies.
- A decrease in the value or status of something.
- A reduction in the value of an asset or a currency.
Usage Examples
- The country's economy suffered greatly after the devaluation of its currency.
- The company's stock underwent a significant devaluation after the release of its poor quarterly earnings report.
- The devaluation of the dollar made imports more expensive for American consumers.