The price of their goods in yuan will be cheaper, and the money they earn in China will be worth more in their home currency.
That is fine if it is in a bank's home currency, but not so fine if, for instance, a Japanese bank needs dollars in New York.
"A portfolio manager who's evaluating an exporter will need to balance the competitive advantage of having its home currency depreciate with the losses that result from translating that depreciating home currency back into dollars, " Mr. Webman says.
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While many of the world's most opulent villas lure guests with an array of cool toys (and we do mean cool -- how does recording studio equipment once used by John Lennon sound?), others deal in what may be the most coveted holiday-home currency: privacy.
Since the rand strengthened during the year, the home-currency comparisons look even less favorable, whereas 2002, with a weak rand, showed up better by that standard.
Stuart Davis, chief executive of HSBC's Indian arm, says there has been a surge in big firms borrowing abroad in dollars, which can be cheaper than doing so at home even once currency-hedging costs are included.
When the world relies on a single reserve currency, Triffin argued, that currency's home country must issue lots of assets (usually government bonds) to lubricate global commerce and meet the demand for reserves.
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After what could only be called an abysmal U.S. Existing Home Sales report though, the Canadian currency found its footing and has been able to recoup over 100 pips of its earlier losses.
The idea that using borrowed money to buy assets is the smart road to riches might lose currency, changing attitudes to home ownership as well as to parts of the finance sector such as private equity.
The yen's drop below 100, a much-watched key level, has long been anticipated as the Bank of Japan unveiled aggressive monetary policy plans early last month aimed at boosting growth at home by spurring lending and weakening the currency.
Credit is expensive, and an overvalued currency makes imported food cheaper than home-grown varieties.
The displays are dynamic if he changes the home country the results are in the local currency with the local products on top.
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But an appreciating currency will dampen output and prices at home, and the ECB will have to choose how to respond.
Scandinavian banks were drawn to Luxembourg because they could deal in foreign currency there, which at the time was prohibited at home.
Mr Aznar is also proud of bringing the peseta into Europe's single currency at its outset, in defiance of many doubters at home and abroad.
Mr Amin said it was getting impossible to sell his goods back home in Iran because, as a result of the sanctions, the currency there is constantly losing value.
All of a sudden people will say, wait a minute, if Ican get the same product or service at a common currency price and it's better, why stay with the home country bank?
That is because Japan's fifth-largest auto maker produces about 71% of its cars at home and exports roughly 80% of them, meaning a move in the currency can deliver a heavy blow or sudden windfall.
Through years of hard work and saving, Japan built up national assets that were much larger than its debt, a cushion also available to the U.S. Japan has a strong-currency policy, causing much of Japan's savings to stay home.
These currency movements offset the trade deficit by eventually bringing all of the dollars home.
You surely expect central banks to produce a stable currency, and safety regulators to lower risks at work and in the home.
Instead, such wealth, if it does stay at home, is being parked in whatever assets might bring a speculative return or a currency hedge against a falling U.S. dollar.
As long as countries try to simultaneously follow inflationary policies at home and peg their exchange rates to the dollar, we will continue to have these currency crises.
In the afternoon Mr Tusk, David Cameron of Britain, Fredrik Reinfeldt of Sweden and seven others were supposed to go home, leaving the 17 euro-zone leaders to discuss how best to salvage the single currency.
None of this is to gloss over the fact that international investing does carry risk of currency fluctuation, questionable accounting practices (which Americans are by no means immune to at home, either) and, for some countries, political instability.
As a currency weakens, a country's exporters enjoy a profit boost when earnings are repatriated back to the home country.
And if the founder members of the single currency do push ahead towards harmonising tax, it will also become harder for Mr Blair to sell at home the idea of Britain joining the euro.
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