That is, currency depreciation, yes symmetry.
A decline in the value contained or represented, that is, the price of a monetary unit.
Specifically, if you could get $12 for 100 yuan last year, but now you can only get $10 for the same 100 yuan, that means the yuan has depreciated relative to the dollar.
The depreciation of RMB means that the value of the currency drops, that is, the purchasing power drops.
The renminbi is generally based on the exchange rate of the US dollar as a reference, or the automatic depreciation of the renminbi, are the decline in the value of the renminbi.
Devaluation may lead to short-term inflation and difficulties in importing goods, but it is beneficial to exports, expanding trade scope and reducing trade deficit.
So devaluation is not necessarily bad, need to be analyzed in many aspects.
