revalue
/'ri:'vælju:/
Definition
- Verb (transitive):
- To assess or estimate the value of something again, typically to assign a new, usually higher, monetary value: This is the primary meaning, often used in economics and finance to describe the official adjustment of a currency's exchange rate relative to other currencies or gold.
- To reconsider the worth, importance, or significance of something: This broader sense means to reappraise or reconsider the value of an asset, idea, or situation.
Usage Examples
- Verb:
- The government decided to revalue the national currency to combat inflation.
- After the renovation, we had to revalue the property for insurance purposes.
- The art world has begun to revalue the contributions of female artists from that era.
Advanced Usage
- In economic/policy contexts: Often used in the passive voice.
- The yuan was revalued by 2% against the dollar.
- In personal or professional reappraisal:
- The recent crisis forced the company to revalue its priorities and long-term strategy.
Variants and Related Words
- Revaluation (noun): The act or instance of revaluing.
- The currency revaluation had significant effects on trade.
- Devalue (verb): The opposite action; to reduce the value of a currency.
Synonyms
- Reappraise: To assess the value or quality of something again.
- Reassess: To consider or evaluate something again.
- Upvalue: Specifically to increase the exchange rate of a currency (less common).
Antonyms
- Devalue: To reduce the value, especially of a currency.
- Undervalue: To estimate something as being less valuable than it actually is.
Verb
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value anew
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revalue the German Mark
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gain in value
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The yen appreciated again!
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