{"id":179349,"date":"2021-05-10T12:40:00","date_gmt":"2021-05-10T16:40:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/devaluation\/"},"modified":"2023-01-22T13:31:34","modified_gmt":"2023-01-22T18:31:34","slug":"devaluation","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/devaluation\/","title":{"rendered":"Devaluation"},"content":{"rendered":"<p>Devaluation is the formal downward adjustment of a currency&#8217;s official par value or central exchange rate. An example would be the Chinese Renmimbi, which is pegged to a basket of international currencies. Chinese government officials will devalue or revalue their currency based on fluctuations in the exchange rates of the basket of currencies to which the Renmimbi is pegged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Devaluation is the formal downward adjustment of a currency&#8217;s official par value or central exchange rate. An example would be the Chinese Renmimbi, which is pegged to a basket of international currencies. Chinese government officials will devalue or revalue their currency based on fluctuations in the exchange rates of the basket of currencies to which the Renmimbi is pegged.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13265,13251],"class_list":{"0":"post-179349","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-d","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"Devaluation is the formal downward adjustment of a currency&#039;s official par value or central exchange rate.\" 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