Devaluation is an action conducted by a governing body that lowers the value of their currency relative to the value of other currencies. This action makes the currency weaker but at the same time, makes it cheaper against other currencies that would make exports of the devaluated currency's country very attractive.

Stocks | Forex | Options | Economics | Bonds | History | Language learning | Technology | Technical Analysis | Fundamental Analysis
Copyright © 2014 econtrader | Risk disclosure | Terms of Use