currency depreciation; devaluation; reduction in value
Meanings
3 senses · 8 examplesverb
to depreciate; to lose purchasing power (of currency)
Describes the loss of value of a currency within its domestic economy, meaning it buys less than before.
Due to severe inflation, the currency depreciated rapidly.
People worry that the money in their hands will lose its value.
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The money has depreciated; what you could buy for a hundred yuan before now costs one hundred and fifty yuan.
verb
to devalue; to lower the official exchange rate (of a currency)
formalRefers to an official government action to reduce the value of its currency relative to gold or other foreign currencies.
The government decided to devalue the national currency to stimulate exports.
This currency devaluation is part of economic policy.
verb
to decrease in value; to be devalued (of things in general)
Used broadly for any asset, commodity, or concept that loses its worth or esteem.
This mobile phone model depreciated significantly one year after its launch.
Excessive marketing has devalued this brand in the minds of consumers.
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He exaggerated to meet his performance targets, causing his credibility to be devalued.