TopicExchange rates & FX
biǎnzhí · /pjɛn²¹⁴ ʈʂɻ̩³⁵/
贬值
biǎnzhí/pjɛn²¹⁴ ʈʂɻ̩³⁵/noun
official reduction of a currency's fixed exchange value
官方下调货币的固定对外价值
Used under pegs or managed regimes more than pure free floats.
多见于挂钩或管理汇率,而非纯自由浮动。
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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