On August 11, 2015, the People’s Bank of China (PBOC) surprised markets with three consecutive devaluations of the Chinese yuan renminbi (CNY), knocking over 3% off its value. Since 2005, China's currency had appreciated 33% against the U.S. dollar.

The first devaluation marked the most significant single drop in 20 years. The move was unexpected, and many believed it was a desperate attempt by China to boost exports in support of an economy that was growing at its slowest rate in decades. However, the PBOC claimed that the devaluation was part of its reforms to move toward a more market-oriented economy. The move had substantial repercussions worldwide.

Currency devaluation is an economic policy by a country's government to weaken the value of its currency. Ever since world currencies abandoned the gold standard and allowed their exchange rates to float freely against each other, there have been many currency devaluation events that have hurt not only the citizens of the country involved but have also rippled across the globe.

If the fallout can be so widespread, why do countries devalue their currency? In short, countries do it to boost exports, shrink trade deficits, and reduce sovereign debt burdens. Below we take a closer look at currency devaluation and the reasons why countries do it.

A country's balance of trade is defined by its net exports (exports minus imports) and is thus influenced by all the factors that affect international trade. These include factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation, and demand.

A crucial point to note is both goods and services are counted for exports and imports, as a result of which a nation has a balance of trade for goods (also known as the merchandise trade balance) and a balance of trade for services. A nation has a trade surplus if its exports are greater than its imports; if imports are greater than exports, the nation has a trade deficit.

There are a plethora of articles about gold as a financial investment. Here, we focus on the social and psychological aspects of gold that make its value endure.

Over time, investors have wondered whether or not the U.S. dollar will collapse. This has been more of a question as the global economic landscape has changed since the early 2000s, primarily with China becoming an economic powerhouse over the last two decades, and some nations considering trading oil without the petrodollar. It is an interesting question that might superficially appear plausible, but a currency crisis in the United States is unlikely.12

Money is any item or medium of exchange that is accepted by people for the payment of goods and services, as well as the repayment of loans. Money makes the world go 'round. Economies rely on money to facilitate transactions and to power financial growth. Typically, it is economists who define money, where it comes from, and what it's worth. Here are the multifaceted characteristics of money.

More and more young people, especially men, are buying cryptocurrencies. Here we have some advice, without judgment or scolding.

Emerging markets are increasingly becoming a focal point for investors seeking high returns, but what are the risks and opportunities in 2023? Below, we'll explore which countries are regarded as emerging in 2023 plus the opportunities and challenges of investing in these dynamic economies.

As the world's economies continue to evolve and grow, so too does the value of stocks on the market. In 2023, there is one share that stands out as the most expensive in the world: Berkshire Hathaway A. But why is it so valuable, and what are the other top-valued stocks in the world?

What are undervalued stocks?

Undervalued stocks are assets that are trading below their intrinsic value. In other words, the market price is lower than what the company is worth. They are often overlooked by the market as investors either do not recognize their true value or they are simply unaware of the company's potential for growth.

The intrinsic value of a stock is determined by several factors such as:

• Company's financial health
• Growth prospects
• Competitive landscape
• Industry trends

When an asset is lower than its intrinsic value, it presents an opportunity for investors to buy at a discounted price.

Investing in undervalued goods can be a profitable strategy for traders who are willing to do their research and take a long-term approach. However, it is important to note that just because a stock is undervalued does not necessarily mean it is a good investment.

Investors should conduct thorough research and analysis to determine whether the asset is undervalued due to temporary factors such as market volatility or negative news, or if there are fundamental issues with the company's financial health and growth prospects.