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LSDefine

Simple English definitions for legal terms

devaluation

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A quick definition of devaluation:

Devaluation: When the value of one type of money goes down compared to another type of money, it is called devaluation. This means that you will need more of the first type of money to buy the same things you could buy before. The opposite of devaluation is revaluation.

A more thorough explanation:

Definition: Devaluation is when the value of one currency decreases compared to another currency. This is different from revaluation, which is when the value of a currency increases.

Example: Let's say that one US dollar is worth one euro. If the US dollar is devalued, it might now be worth only 0.8 euros. This means that it takes more US dollars to buy the same amount of goods or services that could be purchased with fewer dollars before the devaluation.

Another example: In 2016, the United Kingdom voted to leave the European Union. This caused the value of the British pound to decrease compared to other currencies, including the US dollar and the euro. This was a devaluation of the pound.

These examples illustrate how devaluation can affect the purchasing power of a currency. When a currency is devalued, it becomes less valuable compared to other currencies. This can make imports more expensive and exports cheaper, which can have an impact on international trade and the economy as a whole.

devadiatus | devastation

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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