yesterday i go to bank ,to receive westeru union from UK customer , the rate is 6.41 , it is very higher than before .
it means that the RMB has big devaluation ? what is affect to common people life and economic ?
1> frist of all , some people more like buy some luxury goods from overseas , RMB devaluation , the buyers must be pay more money to get goods . surely , if you have some foreign currency in your hand , it isn't big affect . if not , the cost will have big up .
2> second: some overseas students in USA , the RMB devaluation means exchange dollar is more less ,such as , tuition , cost of living etc , will have increase too . no wonder , RMB devaluation later , the bank window happend more students parents to exchange dollar than usually .
3> third :to travel abroad will increase cost too .before , china woman buy toilet from Japan , buy chanel from France . but RMB devaluation now , it must be save . now compare to 2014 year , exchange ten thousand , it may need cost more than 1700 RMB than 2014 year ,exchange ten thousand Euro . it cost more than 3100 RMB than 2014 year . travel overseas cost obvious increase .
4> the last one : building cost will stop big increase , RMB devaluation ,some investors may worry about pull out building .especially , some money from overseas long days ago , due to RMB devaluation ,to out of china . no easy go into china market . kinds of function below , it will make china building price is down , do you belive it ?
what is your idear about my article ? if have more news ,no hesitate to e-mail me , thanks again .