WordReference English-Spanish Dictionary © 2014:

Principal Translations
devaluar vtrverbo transitivo: Verbo que requiere de un objeto directo ("di la verdad", "encontré una moneda"). (rebajar el valor) (economy)devalue vtrtransitive verb: Verb taking a direct object--for example, "Say something." "She found the cat."
  (assets)depreciate vtrtransitive verb: Verb taking a direct object--for example, "Say something." "She found the cat."
 El gobierno ha decidido devaluar la moneda para favorecer las exportaciones.
 The government has decided to devalue the currency in order to stimulate exports.
  Under the new legislation, companies can depreciate the cost of large machinery.This sentence is not a translation of the English sentence.
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