1. to reduce the official value of a currency in relation to other currencies
Usage: economics; third person singular present
2. to reduce the worth, importance, or effectiveness of something
Usage: third person singular present

Examples

• The government devaluates the peso to boost exports.
• High inflation often devaluates a country’s currency.
• The scandal devaluates the company’s reputation.
• Poor maintenance devaluates the property over time.
• The central bank devaluates the dollar by 10 percent.
• Constant criticism devaluates her contributions to the team.