RMB Has Risen To 6.51&Nbsp, And Foreign Exchange Earnings Have Changed To New Heights.

2011/4/27 10:03:00 50

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Appreciation Of RMB Exchange Rate

The increase was 1.2% in the year, and the depreciation rate for the euro has exceeded 7.5%.

After the suspension of the first day's rally, the appreciation of the RMB against the US dollar's exchange rate has come back.

Yesterday, the central parity of RMB against the US dollar was 6.5369, up 71 basis points from the previous trading day.

The RMB exchange rate has reached a new high since the re creation of foreign exchange, and it broke through the 6.54 pass for the first time.

It is understood that from the 1 quarter of this year as a whole,

RMB

The increase in the central parity rate for the US dollar was 1%, but since the beginning of 3, the RMB has suddenly accelerated its appreciation rate. The central parity of the RMB against the US dollar has risen for 7 consecutive trading days since March 30th.

appreciation

185 base points, of which 6 trading days have hit a new high since the reform.

As of yesterday, the central parity of RMB against the US dollar increased by 1.2% during the year.

CICC pointed out that although the renminbi is right in the near future

dollar

Appreciation, but the nominal effective exchange rate is depreciating. The gap between the RMB and the US dollar and the renminbi dollar exchange rate is gradually expanding.

This year, the depreciation rate of RMB against the euro has exceeded 7.5%, and the pound has depreciated by 4.1%.

It is widely expected that the upward trend of the short term euro, Australian dollar and Canadian dollar has not yet ended. The rising potential of commodity currencies, Australian dollar and Canadian dollar, will increase as commodity prices rise.

Financial planners say that for those currently holding Australian dollar, Canadian dollar, pound sterling and euro, they can continue to hold up; for those holding dollars, if they do not have the demand for foreign exchange, they can be converted into RMB for financial management.