![]() 1,082,265,979 visitors served. |
|
![]() Dictionary/ thesaurus | ![]() Medical dictionary | ![]() Legal dictionary | ![]() Financial dictionary | ![]() Acronyms | ![]() Idioms | ![]() Encyclopedia | ![]() Wikipedia encyclopedia | ? |
devaluation |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
|
Devaluation A deliberate downward adjustment to a country's official exchange rate relative to other currencies. In a fixed exchange rate regime, only a decision by a country's government (i.e central bank) can alter the official value of the currency. Contrast to "revaluation". Notes: There are two implications for a currency devaluation. First, devaluation makes a country's exports relatively less expensive for foreigners and second, it makes foreign products relatively more expensive for domestic consumers, discouraging imports. As a result, this may help to reduce a country's trade deficit. Devaluation A decrease in the spot price of a currency. Often initiated by a government announcement.
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| Exports only started to reap the benefits of commodity prices and a devaluated currency until now," says Juan Arranz, a Santander Investments economist for Argentina. In other words, INRO had not been placed in a position to stabilize the market price, as purchase of rubber was not made possible due to the expression of the DMIP in highly devaluated currencies. It is unlikely that the dollar will be devaluated any further, there is little fat left to trim from current foundry operations, and the quality and cost benefits obtained from statistical process control, have mostly been taken. |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|