Currency revaluation

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Currency revaluation

A deliberate upward adjustment in the official exchange rate established, or pegged, by government against a specified standard, such as another currency or gold.

Currency Revaluation

The active decision of a government to increase or decrease the value of its own currency in relation to other currencies. Revaluation occurs exclusively in fixed currencies, when the currency in question is pegged to another currency. A government generally revalues its own currency when it wishes to make adjustments to its peg to another currency. If the revaluation is a devaluation, it makes the country's exports less expensive in foreign markets.
References in periodicals archive ?
Higherthanexpected financial expenses mainly associated with a revaluation of currency swaps and monetary assets denominated in different currencies, as well as oneoff expenses resulting from the optimisation of the credit portfolio prevented net margin from a similar expansion.
On the bottom line, the company's weak net income was due to a $19 mln non-cash loss from the revaluation of currency swaps on the back of a 15% QoQ ruble depreciation during 3Q11.