1. to reduce the official value of a currency in relation to other currencies
Usage: economics; formal
2. to reduce the worth, importance, or effectiveness of something
Usage: formal

Examples

• The government decided to devaluate the peso to boost exports.
• Economic pressure forced the country to devaluate its currency by 15%.
• Critics argue that standardized testing tends to devaluate creative thinking.
• The scandal served to devaluate the company’s reputation.
• Many economists warned against the decision to devaluate so drastically.
• The policy would devaluate the importance of traditional teaching methods.