- devaluate⇄devaluate, verb, -ated,-ating.
- devaluate⇄v.i. 1. to lose value; diminish in value.
Ex. Diamonds are still a girl's best friend. They won't devaluate, and ... they're fun too (Wendy Michener).
2. to introduce or effect a devaluation of currency. - devaluate⇄v.t. 1. to reduce the value of; deprive of value.
2. to fix a lower legal value on (a currency that has depreciated).
Ex. In 1967 Great Britain devaluated the pound from $2.80 to $2.40.