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Concept information

... > social science subjects > business and management > international business > international finance > international monetary system > revaluation
... > social science subjects > business and management > finance > international finance > international monetary system > revaluation
... > social science subjects > business and management > finance > monetary systems > international monetary system > revaluation
... > social science subjects > economics > macroeconomics > monetary theory > monetary systems > international monetary system > revaluation

Preferred term

revaluation  

Definition

  • Revaluation occurs when a government or its central bank increases the official price at which its currency can be bought on the foreign exchange (Forex) market. For example, suppose that the current U.S. dollar (USD)/British pound (GBP) exchange rate was 2:1, meaning that $2 had to be given up for each £1 or, equivalently, that £1 was worth $2. [Source: Encyclopedia of Business in Today's World; Revaluation]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-L7RJB019-S

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