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Forex Trading What does it mean when a currency devalues?
avatar maryslamb
Question by: Mary - 07 Sep 2015, 06:35:18
What does it mean when a currency devalues?
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Answers (3)
avatar user 7375
Answer by: Carol - 07 Sep 2015, 06:38:47

The devaluation of a currency occurs when the country of the currency adjusts the value downward on purpose in relation to another currency.

avatar user 7380
Answer by: Samanthar - 07 Sep 2015, 09:42:52

A currency devalues when its value declines in relation to one or more other currencies.

avatar user 7397
Answer by: Jeremy - 08 Sep 2015, 09:29:08

The active decision of a government to reduce the value of its own currency vis a vis other currencies.

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