Good point. I'm actually talking about inflation. I'd assume devaluation usually leads to inflation, especially if we buy a lot of imported goods (we do), but it ain't necessarily the case.

Foreign goods would become more expensive, and local goods would remain relatively unaffected (at least in theory).

People would be less likely to take their money out of the country. Foreigners would be more likely to invest.

If as a saver you invest in local businesses and property, you should do well for yourself.

Almost all our goods except food are foreign or made of foreign-made components, or are commodities traded on the world market.

Which country are you talking about?