devaluation

noun

de·​val·​u·​a·​tion (ˌ)dē-ˌval-yə-ˈwā-shən 

-yü-ˈā-

1

: an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency

2

: a lessening especially of status or stature : decline

Examples of devaluation in a Sentence

Recent Examples on the Web

Stablecoins see some of their strongest adoption in developing nations like Nigeria, where access to traditional banking is limited, yet demand for USD is high to escape the devaluation of citizens’ local currency. —Edan Yago, Forbes, 10 Jan. 2025

Moreover, devaluation will create psychological discomfort in the Kremlin. —Yaakov Katz, Newsweek, 28 Nov. 2024

Airline miles lose value over time due to devaluations, higher redemption rates, and fewer award seats. —Paul Rubio, AFAR Media, 20 Dec. 2024

Just the same, those fascinated by the most famous currency devaluation in world history are likely less aware of what life was like amid the devaluation, and beyond. —John Tamny, Forbes, 18 Dec. 2024

Word History

First Known Use

1914, in the meaning defined at sense 1

Phrases Containing devaluation

• pre-devaluation

Legal Definition

devaluation

noun

de·​val·​u·​ation (ˌ)dē-ˌval-yə-ˈwā-shən 

1

: an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency

2

: a lessening of the value of something (as an asset)

portfolio devaluation