no. say abat is worth 1,000,000 yuan today and just say that is 1,000,000 usd. If the Yuan moves up v the $ to say it is worth 1,200,000 yuan v 1,000,000 $. Then abat falls in price back to 1,000,000 yuan. WHat is it worth in usd? Same original price in Yuan, but worth less in USD.
Those #s have no basis in reality but give you a sense for what happens with curency changes.
That seems backwards to me...if yuan increases in value, then shouldn't it take more $s to buy yuan? So if the company is valued at $1m and 1m yuan, if the yuan rises 15%, then shouldn't it be worth 15% more $s?