concepts
international monetary system
Revaluation occurs when a government or its central bank increases the official price at which its currency can be bought on the foreign exchange (Forex) market. For example, suppose that the current U.S. dollar (USD)/British pound (GBP) exchange rate was 2:1, meaning that $2 had to be given up for each £1 or, equivalently, that £1 was worth $2. [Source: Encyclopedia of Business in Today's World; Revaluation]
revaluation