Devaluation definition
Lowering of the value of a country's currency relative to the currencies of other nations. When a nation devalues its currency, the goods it imports become more expensive, while its exports become less expensive abroad and thus more competitive - A decisive downward adjustment of a country’s exchange rate relative to other currencies.
Related words
Daily Cut-Off ・ Daily Trading Limit ・ Decentralized Market ・ Deflation ・ Depreciation ・ Devaluation ・ Drawdown ・ Direct Quote ・ Dollar Shortage ・ Dealer
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