devaluePronunciation: /diːˈvaljuː/Translate devalue | into German | into Italian | into Spanish Definition of devalue verb (devalues, devaluing, devalued) [with object] reduce or underestimate the worth or importance of:I resent the way people seem to devalue my achievement Economics reduce the official value of (a currency) in relation to other currencies:the dinar was devalued by 20 per centDerivatives devaluation noun devalue in other Oxford dictionaries Definition of devalue in the US English dictionary