Meaning & Definition of word "Devaluation"

Devaluation

/diːˈvæl.juː.eɪ.ʃən/

1. The reduction or underestimation of the worth or importance of something, particularly in terms of currency.
- Example: The government's decision to implement a devaluation of the national currency was met with protests from economists.
2. A decrease in the value of a currency as related to other currencies.
- Example: After the devaluation, the country experienced a spike in inflation rates.
3. The act of lessening or diminishing the value of a particular good or service.
- Example: Devaluation of real estate can lead to significant financial losses for homeowners.

●Early 20th century: from de- 'reduction' + valuation.

currency devaluation:

A specific term for the decrease in the value of a country's currency.

devaluation of standards:

Refers to the reduction in quality or importance of norms and values.

devalue:

To reduce or underestimate the worth or importance of something.

valuation:

The analytical process of determining the current worth of an asset or a company.

Meaning: Drop in currency value.

● Example Sentence: After that devaluation, everything feels more expensive.

Meaning: Loss of importance.

● Example Sentence: There's been a real devaluation of what it means to work hard these days.