devalue Meaning in the Cambridge English Dictionary
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Meaning of “devalue” in the English Dictionary

"devalue" in British English

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devalueverb

uk   us   /ˌdiːˈvæl.juː/

devalue verb (MONEY)

[I or T] to ​reduce the ​rate at which ​money can be ​exchanged for ​foreignmoney: Last ​year Mexico was ​forced to devalue the ​peso.

devalue verb (NOT VALUE)

[T] to ​cause someone or something to be ​considered less ​valuable or ​important: I don't ​want to devalue his ​achievement, but he ​managed to get a ​promotion without ​working very hard.
devaluation
noun [C or U] uk   us   /ˌdiː.væl.juˈeɪ.ʃən/
The devaluation of the ​dollar had a ​strongeffect on the ​financialmarkets.
(Definition of devalue from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"devalue" in Business English

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devalueverb

uk   us   /ˌdiːˈvæljuː/
[I or T] FINANCE, ECONOMICS to ​reduce the ​rate at which one ​currency can be ​exchanged for another: It caused a ​majorcrisis when the ​pound was devalued. The ​bankingsystem was in trouble before the ​government was ​forced to devalue.
[I] FINANCE, ECONOMICS to become less ​valuable: There are several reasons why the ​pound has devalued against the ​euro.
[T] to make someone or something seem to be of less ​value or ​importance: Let us not devalue the ​work that he has done. Foreclosures devalue nearby homes and entire ​neighborhoods.
(Definition of devalue from the Cambridge Business English Dictionary © Cambridge University Press)
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