predevaluation
/priːdɪˌvæljuˈeɪʃən/
adjective
- Occurring or existing before a currency is officially reduced in value.
- Investors who bought the bonds at predevaluation rates saw their value increase overnight.
- The government introduced new controls in the predevaluation period to stabilize the economy.
- The predevaluation prices made the goods seem like a bargain after the currency dropped.
noun
- The state or period before a currency's value is officially lowered.
- During the predevaluation, many people rushed to convert their savings into foreign currency.
- Historians study the predevaluation to understand the economic pressures that led to the change.
- The predevaluation was marked by uncertainty and speculation in the financial markets.
Antonyms