Decompress multiple .gz files from one directory to a different target directory

Lets say you have a directory full of .gz files and you want to decompress all of them at the same time using one statement.

find . -name "*.gz" | while read filename; do gzip -cdv $filename > ../decompressed/$filename; done;

 The above statement uses 'find' command to get list of .gz files in the current (.) directory. Then it pipes it to while loop which executes gzip -cdv for each file and redirect the output to ./decompressed/ directory.