City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Major currencies change affects your life?
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=APAULT,283368]The appreciation of the RMB is really quite small. Sure it has an effect on the prices of imports and exports, but it is less of an issue than the speed of China's development which is a major factor in world inflation. In China inflation is now running in excess of 8% pa. If the workers do not get payrises to compensate they will be poorer. This will hurt tem more than the variations in the exchange rate. In my case I have been hurt by the appreciation in the Australian dollar: it has appreciated faster than the rmb. This means any savings I manage to make are reduced. The US dollar: haha, a third world currency from now on. The best thing to do with it is unload it as fast as you can.[/quote]
characters left
Name:
Get a new code
Copyright © 1998-2025 All rights reserved.