Definition

Noun 1. A new appraisal or evaluation: The act or process of assessing something again, typically to determine its current value, worth, or significance. 2. An official change in the value of a currency: In economics and finance, an upward adjustment in the exchange rate of a nation's currency relative to a foreign currency or a standard.

Usage and Examples

• The company's financial revaluation revealed that its assets were worth far more than previously recorded.
• After the scandal, the public demanded a complete revaluation of the politician's legacy.
• The government announced a revaluation of the national currency to combat inflation.

Advanced Usage

• "To undergo a revaluation": To be the subject of a new assessment.
  • The property market is undergoing a significant revaluation due to changing economic conditions.
• "Revaluation of assets": A specific accounting or financial term for reassessing the value of a company's holdings.
  • The annual revaluation of assets is a standard practice for the firm.

Variants and Related Words

• Revalue (verb): To make a new appraisal of; to adjust the official value of a currency upward.
  • The central bank decided to revalue the currency.
• Reappraisal (noun): A synonym often used interchangeably with 'revaluation' for the general sense of a new assessment.
• Devaluation (noun): The opposite action in economics; a downward adjustment in a currency's value.

Synonyms

• Reassessment
• Reappraisal
• Review
• Reconsideration

Antonyms

• Acceptance (of an old valuation)
• Devaluation (specifically for currency)

Related Phrases and Concepts

• Currency revaluation: The specific process of officially increasing a currency's value.
• Upward revision: A phrase similar in meaning, often used in reports and analyses.

Noun

1. a new appraisal or evaluation