devalueverb
uk/ˌdiːˈvæl.juː/us/ˌdiːˈvæl.juː/devalue verb (MONEY)
[ I or T ] to reduce the rate at which money can be exchanged for foreign money:
Last year Mexico was forced to devalue the peso.
Thesaurus: synonyms and related words
Price decreases
- bearish
- closeout
- concession
- cut-price
- deduction
- deflate
- deflation
- depreciation
- discount
- downturn
- knock
- knock sb/sth down
- mark
- offer
- put
- put sth down 1
- roll
- roll sth back
- slump
- tumble
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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.
Thesaurus: synonyms and related words
Deteriorating and making worse
- a step backwards idiom
- a turn of the screw idiom
- add
- afford
- aggravate
- backslide
- compound
- decline
- degrade
- disintegrate
- dog
- downgrade
- downhill
- exacerbate
- regress
- retrograde
- retrogress
- run yourself down
- seed
- slip
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devaluation
noun [ C or U ] uk/ˌdiː.væl.juˈeɪ.ʃən/us/ˌdiː.væl.juˈeɪ.ʃən/
The devaluation of the dollar had a strong effect on the financial markets.