Devaluation is the deliberate lowering of a country's currency value relative to another currency. It makes exports cheaper and imports more expensive.
Revaluation is the deliberate increase of a currency's value relative to another. It makes imports cheaper but exports more expensive.
Bangladesh follows a managed floating exchange rate system. In recent years, the taka has experienced significant depreciation due to declining foreign reserves, rising import costs, and growing trade deficits. Between 2022 and 2024, the taka weakened notably against the US dollar.