The phrase "large devaluation" refers to a significant decrease in the value of something, usually a currency. It means that the worth of the currency has gone down by a significant amount compared to other currencies or goods. Full definition
Yetsenga said that a one - off, large devaluation, which some commentators were forecasting, would not be an effective strategy. (cnbc.com)
We expect a further gradual decline in China's currency against the U.S. dollar in 2017, but a large devaluation is not our base case. (blackrockblog.com)
Are you afraid of a large devaluation in... (tumblr.com)