difference between devaluation and revaluation - Economics - Open Economy Macroeconomics

Question

difference between devaluation and revaluation

Rose.. · Accepted Answer

It refers to official changes in the price of a currency in a
fixed exchange rate system
Devaluation is when the price of the currency
is officially decreased in a fixed exchange rate system
Revaluation is the official increase in the
price of the currency within a fixed exchange rate system