Revaluation
Revaluation is a situation that occurs when the relative price of a currency is increased. It is the opposite of devaluation.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Revaluation. Occurs when the relative price of a currency is increased. It is the opposite of devaluation.
According to Macroeconomics by Mankiw (7th edition),
- Revaluation. An action undertaken by the central bank to raise the value of a currency under a system of fixed exchange rates. (Cf. devaluation.)
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
