Currency revaluation

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 ?
The second quarter also included a $2.8 million favorable impact from currency revaluation.
Compared to P1.9 billion distributed to government in 2017, he said in 2018, P4.8 billion was distributed to government, 'after transfer of P5.9 billion and P4 billion from or to fair value and currency revaluation reserves, respectively.'
BANKING AND CREDIT NEWS-January 14, 2019--Uzbekistan central bank denies national currency revaluation reports
Global Banking News-January 14, 2019--Uzbekistan central bank denies national currency revaluation reports
M2 EQUITYBITES-January 14, 2019--Uzbekistan central bank denies national currency revaluation reports
Interest and other expenses decreased by $4.2 million, driven primarily by an $8 million favorable impact from currency revaluation, partially offset by higher interest expense due to higher debt levels and an increase in variable interest rates.
Pre-impairment profitability was healthy in 2017 (estimated at 10% of average loans at IY and TB, 7% at UB; local GAAP), supported by sound net interest margins of 10%-14%, solid commission income and foreign currency revaluation gains.
The Treasury primarily attributed the month-on-month rise in combined local and external debt to 'domestic securities issuance for the month which more than offset the effect of currency revaluation on foreign currency debt.'
According to the respondents, three main triggers drove this shift to foreign currency: a currency revaluation implemented in July 1992, the July 1 Economic Management Improvement Measure of 2002, and a flash currency reform measure in November 2009.
Analysts say that decline of the ROE and ROA is connected with deepening negative balance of currency revaluation that grew
The company said the results were aided by a net reduction in restructuring costs of $2.1 million and income tax adjustments of $600,000, and were hurt by foreign currency revaluation losses of $1.6 million.
'foreign currency revaluation', net income would have grown slightly," the