Devaluation
Definition
A deliberate reduction in a currency's fixed-rate value. (Distinct from depreciation, which happens automatically under floating rates.)
Example
China devalued the yuan by 1.9% on August 11, 2015.
A deliberate reduction in a currency's fixed-rate value. (Distinct from depreciation, which happens automatically under floating rates.)
China devalued the yuan by 1.9% on August 11, 2015.