There was a general revaluation of other currencies but not the pound. [+ of]
2. verb
To revalue something means to increase the amount that you calculate it is worth so that its value stays roughly the same in comparison with other things, even if there is inflation.
It is now usual to revalue property assets on a more regular basis. [VERB noun]
revaluationvariable noun
Some banks have used doubtful property revaluations to improve their capital ratios.
[Also + of]
revalue in British English
(riːˈvæljuː) or US revaluate
verb
1.
to adjust the exchange value of (a currency), esp upwards
Compare devalue
2. (transitive)
to make a fresh valuation or appraisal of
Derived forms
revaluation (reˌvaluˈation)
noun
In other languages
revalue
British English: revalue VERB
When a country revalues its currency, it increases the currency's value so that it can buy more foreign currency than before.
Countries enjoying surpluses will be under no pressure to revalue their currencies.