answersLogoWhite

0

What is the effect of a currency revaluation?

Updated: 11/1/2022
User Avatar

EncofBizandFinance

Lvl 1
13y ago

Best Answer

Currency revaluation is the equivalent of currency appreciation, except that it occurs under a fixed exchange rate regime and is mandated by the government.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the effect of a currency revaluation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How would you define revaluation?

Revaluation is the opposite of devaluation. This occurs when, under a fixed-exchange-rate regime, there is pressure on a country's currency to rise in value in foreign-exchange markets.


What is the difference between revaluation Surplus and revaluation Reserve?

Fundamentally, a revaluation surplus and a revaluation reserve is the same. A revaluation reserve is a revaluation surplus obtained from evaluation.


What is foreign exchange revaluation?

When a country/Reserve bank changes the value of a currency. The currency is usually devalued to make exports more competitive. Usually associated to countries with high inflation and political unrest.


What is difference between revaluation account and realization account?

Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.


Accounting treatment for surplus of revaluation of fixed assets?

a revaluation increase is credited to equity as a revaluation surplus, unless it's a reversal of a revaluation decrease, when it should be recognised as income.


What is surplus on revaluation of asset?

Surplus on revaluation of assets means that on the even of revaluation, more assets has appreciate in their value then depreciate.


Revaluation application forms in Ug kakatiya university?

revaluation forms


When revaluation result of tybcom is going to be declared?

tybcom revaluation result


What is going on with the revaluation of the Iraqi Dinar?

Iraqi dinar revaluation, when will this happen?


What are the journal entry for asset revaluation?

debit asset and credit asset revaluation


Author of white revaluation?

The author of the book White Revaluation is K.M. Parchure.


When was Revaluation of the Turkish Lira created?

Revaluation of the Turkish Lira was created in 2005.