1, foreign exchange depreciation, that is, currency depreciation, refers to the decline in the value contained in or represented by the unit currency, that is, the decline in the price of the unit currency. Generally speaking, it means that the purchasing power of RMB is weakened, or that money is valuable.

2. The devaluation of local currency means that local currency becomes less valuable than foreign currency, so more local currency can be exchanged for each unit of foreign currency, and the exchange rate of local currency will decline.

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