Currency revaluation(redirected from Revaluation of a Currency)
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A deliberate upward adjustment in the official exchange rate established, or pegged, by government against a specified standard, such as another currency or gold.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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