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Pakistani currency will continue to devaluate unless government takes some action.
Beforehand, both the central banks of Taiwan and Korea embraced a hands-off stance allowing their currencies to devaluate, in order to bolster their countries' export competitiveness.
In the past, competitivity gaps were rubbed away on a regular basis: some accepted to re-evaluate their currency out of solidarity and others to devaluate to be breath again.
The business expert said the US dollar was expected to devaluate in the coming years and would cease to be used as a reserve currency.
Referring to the recent currency wars, O'Neil said that most countries are looking to devaluate their currencies in order to make exports attractive.
Prior to its adoption, crises used to fiercely devaluate the currencies of crisis-ridden countries by up to 25 percent, as in the case of the Spanish peseta, and 40 percent in the case of the Finnish Mark.
Nikovski believes that Macedonia in resolving the name issue with Greece should be guided by the Interim Accord and must not devaluate its negotiating positions.
Despite a nosedive in the value of the South Korean won and market speculation that China might devaluate the yuan, Kuroda said he does not see the spread of protectionism in the region at present, but called for monitoring protectionist moves among each other.
The market might appreciate the already realized sales and profits in the current tough market environment when currencies on the company's key export markets devaluate substantially," Barbara Janosi, an analyst at KBC Groep NV in Budapest, wrote in a note to clients.
In its statement, the bank said that it would allow the rouble to devaluate against the euro and dollar up to a point equivalent to 36 roubles to the dollar.
We're not privy to all the information though - so we like to think that our ticket money is paying people to gather and devaluate all the info and make those tough decisions.
Steiger: Based on our fair value model, we believe the Swiss franc will devaluate somewhat against the euro and the US dollar over the next 12 months.