WordReference English-Spanish Dictionary © 2015:

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.
 
Additional Translations
devaluarse v prnlverbo pronominal: Verbo que se conjuga con un pronombre átono ("me", "te", "se") que concuerda con el sujeto ("lavarse", "irse", "enojarse"). (depreciarse)depreciate, devalue viintransitive verb: Verb not taking a direct object--for example, "She jokes." "He has arrived."
  lose value v exprverbal expression: Phrase with special meaning functioning as verb--for example, "put their heads together," "come to an end."
 Abrieron un basurero cerca de la colonia y las casas se devaluaron.
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