Revaluation

Revaluation refers to the process of reassessing the value of an asset or a currency. In finance, it often involves adjusting the value of a country’s currency in relation to others, usually to reflect economic changes or improve competitiveness. For assets, it means reassessing their worth based on updated market conditions or appraisals. A revaluation can affect financial statements, investments, and economic policies, revealing more accurate values and helping organizations make informed decisions. This process is crucial for maintaining accurate financial records and ensuring fair pricing in the market.