What effect does devaluation have on ordinary people?

The depreciation of RMB means the decline of currency value, that is, the decline of purchasing power.

The RMB exchange rate is generally based on the US dollar exchange rate. The appreciation of the US dollar or the automatic depreciation of the RMB are all declines in the value of the RMB. Depreciation may lead to short-term inflation and difficulties in importing goods, but it is beneficial to export, expand trade scope and reduce trade deficit. Therefore, depreciation is not necessarily bad, and it needs to be analyzed in many aspects.

The depreciation of RMB means that the value contained in or represented by unit currency decreases. Generally speaking, the purchasing power of RMB is weakened and worthless. After the devaluation of RMB, domestic prices rose, inflation, capital outflow, financial market instability, stock market and property market prices fell.

The stock market is not easy to speculate

Some analysts said that the depreciation of RMB may be accompanied by the decline of A shares. The related reasons are as follows: on the one hand, the depreciation of RMB leads to the decline in the valuation of local currency assets, which leads to the weakening of related sectors and drags down the market; On the other hand, once the expectation of RMB depreciation is formed, it will lead to the outflow of hot money and the liquidity environment of A shares will tighten.

● Real estate will not go up.

Some analysts pointed out that one of the reasons for the rise in housing prices in the past few years is the appreciation of the renminbi. When the RMB appreciates against the US dollar, a large amount of US dollars will enter China and be converted into RMB assets to avoid the relative depreciation of the US dollar. After these dollars enter, they exist in the form of some kind of assets, mostly in the form of real estate. If RMB depreciates and capital flows out, assets will be withdrawn from real estate, which will affect house prices.

●P2P becomes the "new darling" of financial management.

Under the situation of RMB depreciation, if the traditional financial management method is still adopted, the money deposited in the bank will only continue to depreciate, and the money in the bank card will only buy less and less things in the future. Therefore, it is the best choice to choose more investment channels and promote asset appreciation in many ways. At present, the average yield of wealth management products in P2P industry is about 13%, which is lower than before, but as a defensive hedging product, its wealth appreciation function can not be ignored.

● Studying abroad is not cheap.

For students studying in the United States, the devaluation of the renminbi means that the same renminbi is worth a lot less dollars than before. Therefore, those who plan to study abroad have a lot of foreign exchange funds, so they can exchange foreign exchange for foreign currency financing first.

● Haitao is not easy to do.

The overseas purchasing market is hot, and price is one of the key factors. The commodity prices of Haitao from overseas are generally much cheaper than those in China. However, after the devaluation of the RMB, Haitao people may feel a sense of loss, because the prices of some overseas goods purchased will rise.

● Outbound travel cannot be willful.

The downward adjustment of the RMB exchange rate against the US dollar has directly led to the increase in the cost of converting citizens' spending in US dollars for travel and shopping into RMB. Some travel agencies even said that if the decline in the RMB exchange rate continues to expand, the possibility of an increase in the US-Canada tour fee will not be ruled out.

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