Pronunciation: (dē-val'yOO), [key]
—v., -val•ued, -val•u•ing.
1. to deprive of value; reduce the value of.
2. to fix a lower value on (a currency).
to undergo devaluation: The currency has devalued at a rapid rate. Also,devaluate.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.