Meaning & use
revaluation
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Meanings
nouncountable or uncountablefinance
An official increase in the value of a country's currency compared with others, set by the government or central bank.
Grammar: Can be countable (a revaluation) or uncountable (revaluation of the currency).
Patterns
- revaluation of something
- a revaluation against something
The revaluation of the yuan made imports cheaper.
Economists predicted a revaluation within the year.
A revaluation can hurt a country's exporters.
nouncountable or uncountablebusiness
A fresh assessment of how much something such as property, assets or a belief is worth.
Grammar: Often followed by of: a revaluation of the house.
Patterns
- revaluation of something
- a revaluation of something
The council ordered a revaluation of all local homes.
The company booked a gain from the revaluation of its land.
The scandal forced a revaluation of her achievements.
Word forms
| plural | revaluations |
|---|
Common combinations
- currency revaluation
- A currency revaluation was announced overnight.
- property revaluation
- A property revaluation raised our tax bill.
- asset revaluation
- Asset revaluation boosted the company's balance sheet.
- call for a revaluation
- Analysts called for a revaluation of the pound.
- revaluation of
- The revaluation of the stock surprised traders.
Synonyms and how they differ
- reappraisal
- Reappraisal is broader and suits opinions or ideas as well as money, while revaluation usually concerns financial worth.
- reassessment
- Reassessment is a general rethink and may not change a number at all, unlike revaluation.
- appreciation
- Appreciation describes a market-driven rise in value, whereas revaluation is a deliberate official change.
Opposites
Word family
- revalue verb
- to assess or set a new value
- value noun
- the worth of something
- devaluation noun
- an official fall in a currency's value
- valuation noun
- an estimate of the worth of something
Commonly confused: revaluation or reevaluation?
revaluation vs reevaluation
Reevaluation means judging something again and is not usually tied to money, whereas revaluation is mainly financial.
Practice
The government's decision to raise the official value of its currency was called a ___.
Choose one answer.
A revaluation is an official increase in a currency's value. Devaluation is the opposite, an official decrease.
Make it your own
Write a sentence using “revaluation”, then check it and compare it with the examples above.