devalue

/di:'væljueit/ Cách viết khác : (devalue) /'di:'vælju:/
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devalue

The company's decision to devalue its currency caused widespread concern.

Definition

  1. Verb (transitive):

    • To reduce the official value of a currency in relation to other currencies or gold: This is a formal economic action taken by a government or central bank.
    • To reduce or underestimate the worth, importance, or quality of something or someone: To make something seem less valuable or significant.

  2. Verb (intransitive):

    • To become reduced in value or worth: Used especially for currencies.
Usage and Examples

  • Verb (transitive - economic context):

    • The government was forced to devalue the currency to boost exports.
    • They decided to devalue the peso by 15 percent.

  • Verb (transitive - general context of reducing worth):

    • I don't want to devalue your achievements, but we must consider the circumstances.
    • Using cheap materials devalues the final product.

  • Verb (intransitive):

    • The currency has devalued rapidly against the euro.
Advanced Usage
  • "to devalue oneself": To undermine one's own worth or self-esteem.
    • By constantly apologizing for things that aren't her fault, she devalues herself.
Variants and Related Words
  • Devaluation (noun): The action or process of devaluing.
    • The sudden devaluation of the currency caused economic turmoil.
  • Devalued (adjective): Having been reduced in value.
    • Investors fled the devalued market.
Synonyms
  • Depreciate: To diminish in value over time (often used for assets or currencies).
  • Diminish: To make or become less.
  • Undermine: To weaken or impair gradually.
Antonyms
  • Appreciate: To increase in value.
  • Enhance: To intensify or improve the quality or value of something.
  • Overvalue: To assign too high a value.
Related Phrases and Concepts
  • "Race to the bottom": A situation where competitive devaluation leads to a spiral of currency devaluations.
  • "Devalue the currency": A fixed phrase in economics for the official act of reducing a currency's value.
devalue

The company's decision to devalue its currency caused widespread concern.

Verb
  1. lose in value
    • The dollar depreciated again
  2. lower the value or quality of
    • The tear devalues the painting
  3. remove the value from; deprive of its value

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