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Simple English definitions for legal terms
revaluation
Read a random definition: rule of order
A quick definition of revaluation:
Revaluation: When one type of money becomes worth more compared to another type of money, it is called revaluation. This is the opposite of devaluation, which is when one type of money becomes worth less compared to another type of money.
A more thorough explanation:
Definition: Revaluation is when one currency increases in value compared to another currency. This is the opposite of devaluation.
Example: If the US dollar becomes stronger compared to the Euro, this is a revaluation of the US dollar.
Explanation: Revaluation is a term used in international trade and finance. It refers to the change in value of one currency compared to another. For example, if the US dollar becomes stronger compared to the Euro, this means that one US dollar can buy more Euros than before. This is a revaluation of the US dollar. Revaluation can have an impact on trade and investment between countries, as it affects the cost of goods and services in different currencies.