In September, The Effective Exchange Rate Of RMB Rose 3.77%&Nbsp, And The Appreciation Space Was Limited.

Recently, international Clearing bank The relevant data show that the real effective exchange rate index of RMB continued to rise in September and reached a new high.

The real effective exchange rate of RMB rose 3.77% in September.

Source: column: September, according to the bank for international settlements. RMB Practical and effective exchange rate The index was 125.01, rising from 120.47 last month, rising 3.77%, rising three months in a row, and increasing gradually. At this point, the real effective exchange rate of RMB has increased by 4.24% during the year.

A foreign exchange trader in East China told the daily economic news (micro-blog) that the relative value of RMB against the US dollar was relatively stable or appreciated because of the relative depreciation of other currencies relative to the US dollar.

Tan Yaling, director of the China Foreign Exchange Research Institute (micro-blog), told reporters in the daily economic news that this may have a lot to do with speculative factors. The long-term strategy of speculation is quite obvious in China.

Yesterday, the central parity price of RMB was 6.3727, up more than 20 basis points compared with 6.3749 of the previous trading day.

The foregoing foreign exchange traders said that this week (RMB to us dollar) was basically stable between 6.37~6.38, and the volatility of interbank market was not as large as that of September. Since October, the volatility of NDF market has also been relatively stable.

He also said that the RMB exchange rate fluctuations in the future will not be too great. At present, the pressure of appreciation has eased a lot. The future is mainly based on the development of the European debt crisis.

Tan Yaling said that the space for RMB appreciation has been limited, and the previous NDF market even appeared upside down, indicating that the appreciation of the renminbi would not be very large.