Definition of “devalue” - English Dictionary

“devalue” in English

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(Definition of “devalue” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“devalue” in Business English

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uk /ˌdiːˈvæljuː/ us

[ 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” from the Cambridge Business English Dictionary © Cambridge University Press)