Foreign Currency Financing: Australian Dollar Earning &Nbsp; US Dollar Deficit

Recently, the yuan has set up against the US dollar. New high But the renminbi is depreciating against the Australian dollar and the euro.

Over the past year, the renminbi has changed greatly against foreign currencies, and foreign currency financing is also full of risks. Conduct financial transactions Compared with the local currency financing, the loss was the highest: 100 thousand yuan to buy Australian dollar, 12000 yuan, and 5700 yuan to buy the dollar.

If the people only put the 100 thousand yuan in the bank directly into the bank a year ago, the fixed deposit income of that year could increase by 2.52% to 102520, but a year later, the renminbi depreciated 2.2% against the euro. At that time, the 102520 euro could be 102520 euro 9.1455=11209 euro. A euro 100 thousand euros a year ago was 100000 euros 8.8790=11262 euros. If the 11262 euros bought the 365 day product of the Bank of communications's delbao new green euro, the yield would be 2.5%, 11262 euro 1.025=11543 euros. 11543-11209=334 euro, that is, if a year ago, 100 thousand yuan was converted into euros and purchased financial products, its earnings would be more than 334 euros in the 100 thousand yuan RMB into the bank.

Of course, the yield is only 2048 x 100000 x 100%=2.048%.

If last year's 100 thousand yuan was not deposited in banks but bought financial products, and its yield was greater than or equal to 2.048%, then the advantage of replacing RMB into Euro financing last year would not exist. In fact, the yield of RMB banking products in last year was about 4%.

US dollar revenue is not up to date. depreciation

In another case, the exchange of RMB into US dollars will help us to buy the new greendollar 365 day financial products of the Bank of communications. Although the US dollar financial management can appreciate by 3.9%, the renminbi will appreciate 5.6% against the US dollar in the same period. The US dollar financial loss has actually been initially reduced by 5.6%-3.9%=1.7%. If the average profit of the RMB in the same period is up to 4%, 1.7%+4%=5.7%, that is, if we changed the RMB to us dollar last year, the final loss would be 5.7%, and the loss of 100 thousand yuan would be 5700 yuan.

The renminbi rose against the US dollar against the euro and yen.

Over the past year, data released by the central bank showed that the central parity of RMB rose from 6.7768 to 6.3996, and appreciated by 5.6%; the renminbi declined from 8.8790 to 9.1959 against the euro and devalued 2.2%; the central parity of RMB against the Japanese yen (100 yen) decreased from 7.9382 to 8.3361, and the value of depreciation was 4.8%. In the same period, the Australian dollar increased from 0.8900 to 1.0438, appreciated 17%, converted into RMB, and the yuan depreciated to 10% against the Australian dollar in the past year.

　　 Swiss Franc Red money can't be used in financial management.

The Swiss Franc has been eye-catching recently and has appreciated rapidly against the US dollar. But Dai Weiyu, a foreign exchange analyst at the Bank of China, said that the Swiss franc is not a good foreign currency financial product. First, because it does not have the proceeds of financial products in China, it can buy it. Two, its benchmark interest rate is too low, and the three is that the long-term appreciation trend is uncertain.

For example, the US dollar depreciated from 0.7885 in August 1st to 0.7081 in August 10th, that is, the US dollar depreciated 10% against the Swiss Franc in the 10 trading days, but then increased to 0.7896 in the six trading days and 11% in appreciation. Yesterday, the Swiss Franc increased sharply, because the statement issued by the Swiss central bank disappointed the market.

Since August 2010, the RMB has depreciated by 10% against the Australian dollar, while the Australian dollar financial product has a higher return. The yield of the Australian bank in June CE6, which was issued in August last year, has reached 4.28%. If it is a full year Aussie financial product, the yield will be as high as 6%. If RMB was exchanged for Australian currency in August last year, its revenue would be 6%+10%-4%=12%, of which 4% was the average level of RMB financial revenue in the past year, that is, 100 thousand yuan RMB. If it was converted into Australian currency in August last year, the revenue would be as high as 12000 yuan. Dai Weiyu, a foreign exchange analyst at ICBC, believes that the Australian dollar is still the best currency for foreign currency management, because the Australian economy is still upwards, with high interest rates, and the corresponding return on financial products is also high. But be careful, the renminbi will rebound in the future against the Aussie dollar after a rapid devaluation.