devalue 貶值

* 談到貨幣貶值，也就是一國的貨幣相對於另一國的貨幣，兌換匯率（或者匯價）下跌。一國的貨幣匯率為什麼會下跌。《Investing the Templeton Way》一書的解釋可以參考：

• The problem that heavily indebted countries run into occurs when creditors or investors fear that they will not be repaid or will be repaid with a currency that has been devalued. When creditors and investors become worried for these reasons, the flight from debt or investments they hold in the heavily indebted nation creates selling in that country’s currency, and the selling causes it to lose value.