"Surprise devaluation" refers to a sudden decrease in the value of a country's currency. It typically occurs without prior warning or anticipation, catching many people off guard. Full definition
China's surprise devaluation of its currency is an admission of economic weakness and could delay the timing of the Federal Reserve's expected U.S. interest rate hike, strategist Boris Schlossberg told CNBC on Tuesday. (cnbc.com)
Today's «no - knock» American Airlines / US Airways surprise devaluations have the mile - verse spinning. (milenomics.com)
The elimination of a formal award chart — even as Hilton continues to provide a lot of price transparency — leaves open the opportunity to spring surprise devaluations. (travelcodex.com)