What impact does the change of RMB exchange rate have on personal travel abroad?

Rmb appreciation: in the international market, RMB 1 yuan can only buy one commodity. After the appreciation of RMB, the same RMB 1 can buy more similar goods, and the tourism cost will be reduced.

RMB depreciation: tourism costs rise. Refers to the decline in the value contained or represented by the unit RMB, that is, the decline in the price of the unit RMB.

Extended data

The devaluation of RMB will have a certain impact on China's economy. For example, it will prompt a large amount of international capital betting on RMB appreciation to flow out of China in a short time, further aggravating the international capital outflow, thus further increasing the financing cost of domestic enterprises and further worsening the financing situation of SMEs.

The benefits of RMB depreciation to China's economy are also obvious. If the RMB exchange rate enters the depreciation cycle in the future, the pressure on export enterprises will be reduced: the price of export products will be advantageous, the competitiveness will be enhanced, and the profit rate will also rise; In addition, RMB depreciation will push up people's inflation expectations and stimulate domestic consumption.

The appreciation of RMB has reduced the external debt pressure faced by some China enterprises that issue foreign debts in US dollars (for example, the foreign debt of US$ 6,543,800+was converted into RMB 7 million at that time, and now it is only RMB 6.8 million).

The appreciation of RMB will reduce China's long-standing "trade surplus" to some extent, and help to ease the relationship between China and its major trading partners.