noun
revaluation; upward revaluation
Economic term for an official increase in the value of a currency, especially under a fixed exchange rate system. Often used in historical contexts such as the yen's revaluation.
1971年のニクソン・ショックの後、日本は円の平価切り上げを実施した。
After the Nixon Shock in 1971, Japan implemented a revaluation of the yen.
Compound of 平価 (par value, parity) and 切り上げ (raising, rounding up). The term is used in economics to describe an official increase in a currency's value.