Not really. Inflation can both cause and result from home currency depreciation. It’s a vicious downward spiral.
if things are good, money pours in. If things are bad, money leaves. Money leaving depreciates home currency. In fact, if government prints another near zero inflation, you can be sure the numbers are cooked… probably trying to deceive trump for a deal or voters for elections. If you do it too much, it’ll be like the story of the boy who cried wolf. No one would believe you: