The weakening of a currency under a fixed exchange rate regime is called a devaluation.

Name: The weakening of a currency under a fixed exchange rate regime is called a devaluation.
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Under a fixed exchange rate regime, the deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard is called a devaluation. This is a policy action by the country's government or central bank.

The Weakening of a Currency Under a Fixed Exchange Rate