Foreign Trade Enterprises In Shaoxing Look Forward To A Stable RMB Exchange Rate.

Entering the December, the spot exchange rate quoted by the RMB actually traded has reached 0.5% in 9 consecutive trading days.

"The renminbi has been hitting the limit recently, although this positive impact is not very big, which is a good thing for the export of enterprises."

In December 12th, Xu Shouming, general manager of Sino China synthetic fiber, said in an interview, "for our export enterprises, we want more Renminbi.

RMB exchange rate continued to fall

Export enterprises "little profit"

Since November 30th, the exchange rate of RMB against the US dollar has reached 9 consecutive trading days.

The RMB exchange rate limit refers to the lower limit of the spot rate and the middle price of the RMB, which is 0.5% lower than the middle price.

"The fall of the RMB against the US dollar is always good news for our export trade."

Wang Xianpeng, director of the Department of foreign trade of Lai Di Sheng clothing company, told reporters that over the years, the appreciation of the RMB has become one of the pressures of the profits of the garment enterprises. The trade volume of nearly 20 million dollars a year has lost millions of Yuan due to the appreciation of the Renminbi.

"This time the RMB touched down on a daily basis. According to our company's weekly settlement of US $1 million, we made a direct profit of thirty thousand or forty thousand yuan.

But compared with exchange rate losses, this is not a big profit. "

Wang Xianpeng said.

"The RMB exchange rate has fallen and the RMB exchange rate has depreciated", which is very small for our export enterprises. The key is that the enterprises have orders to pick up.

The operators of the printing and dyeing fabric export enterprise told reporters that this year, the pressure of production cost, the appreciation of the RMB and the weakness of the European and American markets have still brought great pressure to the export of our county.

It is revealed that the export of the company will be reduced by about 15% this year due to multiple factors such as cost pressures, appreciation of the renminbi and weakness in European and American markets.

"If the RMB exchange rate continues to fall or stabilize, it is expected that its impact will not be obvious until after the Spring Festival."

Xu Mingshou told reporters that the production tasks before the Spring Festival are already full, and even if orders are placed, production will be pushed back to the Spring Festival.

Moreover, when exchange rate changes are more frequent, foreign businessmen tend to take a wait-and-see attitude, do not rush to place orders, and reduce the possibility of SLR in the short term.

Appreciation or depreciation

Enterprises prefer exchange rate stabilization

Will the RMB exchange rate continue to fall in the near future, will it open up the inflection point from appreciation to devaluation? What is the long-term impact on our county's foreign trade export?

Experts in the industry have analyzed that the recent "falling" of the renminbi is likely to be a sign that the RMB exchange rate has tended to be balanced.

Although there is a so-called "capital flight" in the near future, in fact, China's economy is far better than that of developed countries such as Europe and the United States. Even if there is a so-called "escape", it is just speculative hot money.

In the short term, the international division of labor and the industrial chain are unlikely to change drastically. The position of China's manufacturing base is still strong, and the RMB will not depreciate significantly.

The recent "falling down" is likely to be a sign of a balanced exchange rate.

For this reason, our county's foreign trade enterprises look forward to this "even drop" to stabilize the exchange rate.

"A stable exchange rate environment is the best way to export enterprises."

Wang Xianpeng said that this is more conducive to bargaining between enterprises and foreign investors.

Although each time the price is negotiated, the appreciation of the renminbi is controlled between 3%-5%, but the budget is high, for fear that the order will be "flying" and low, then it will lose itself. For this reason, whether the RMB exchange rate appreciates or depreciates, what the enterprises are looking forward to is that the exchange rate will become more stable in the future.

It is worth noting that the pressure of RMB appreciation is slowing down, which means that the business environment of low-end export enterprises may be relaxed.

Therefore, insiders pointed out that for foreign trade and export enterprises, the exchange rate of the RMB is flat or even down, which is a rare breathing opportunity. Export enterprises take the opportunity to carry out structural adjustment, increase innovation and R & D, and increase the added value.

If the RMB exchange rate stabilizes, this acceleration of pformation and upgrading can not be missed.