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Exchange Rate

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Devaluation
Glossary

Devaluation

Imagine you're on a tropical vacation, sipping a fruity cocktail and soaking up the sun. But then, you get a notification on your phone that your home country's currency has been devalued. Suddenly, that piña colada doesn't taste quite as sweet. Welcome to the world of devaluation, where your hard-earned cash can lose value faster than a snowball in a sauna.