Because the purchasing power of money is different, the value of unit money is also different;

Reason: There are differences in the definitions of monetary units in corresponding countries.

Simply put, currency appreciation leads to an increase in the cost of export commodities, thus inhibiting exports; On the contrary, promote imports. But the impact of currency appreciation goes far beyond this. The following is the interpretation of the industry for you:

For industries that mainly rely on foreign procurement of raw materials or equipment or have highly liquid RMB assets, RMB appreciation will be a long-term positive; It will generate a one-time exchange gain for industries with a large amount of foreign debts in US dollars; However, it has a great impact on export-oriented industries and industries with international pricing.

Raw material import and high foreign currency debt industry

Appreciation is good for industries that mainly rely on foreign procurement for raw materials or equipment, or have large foreign debts, such as aviation, paper making, electric power and construction machinery.