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English definition of “devalue”

devalue

verb     /ˌdiːˈvæljuː/
[I or T] FINANCE, ECONOMICS to reduce the rate at which one currency can be exchanged for another: It caused a major crisis when the pound was devalued. The banking system 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 verb from the Cambridge Business English Dictionary © Cambridge University Press)
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