TopicExchange rates & FX
pyeongga jeolha · /pʰjʌŋ.ɡa.d͡ʑʌl.ɦa/
평가절하
/pʰjʌŋ.ɡa.d͡ʑʌl.ɦa/noun
official reduction of a currency's fixed exchange value
고정 환율을 공식적으로 낮추는 것, 평가절하
Used under pegs or managed regimes more than pure free floats.
완전 자유 변동보다 페그·관리 환율에서 더 자주 씁니다.
Examples
A sudden devaluation raised the cost of imported fuel overnight.
The central bank denied plans for devaluation after the rumor.
History shows devaluation can boost exports but stoke inflation.
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