about a report that the chairman of Central Bank will let New Taiwan Dollar devalue

Today I read a report that the chairman of Central Bank will let New Taiwan Dollar devalue.

I think when the N.T. dollar devalues relative to other currencies, the exports of the other countries become more expensive to buy in Taiwan and Taiwan exports become cheaper in other countries. But the devaluation of N.T. Dollar will impact foreign investors’ intention to hold Taiwanese companies’ stocks. These stocks are valued as the N.T. Dollar. On the other hand, growing pressures from foreign countries force the government to bend the rules in favor of importers. Rapid devaluation policy may stir up foreign importers and their governments angry.

Therefore, the policy of devaluation is a double-edges sword.