The US Dollar Position Is Still Strong, And The RMB Is Good Against The Australian Dollar.

In April 10th P, the direct exchange between the RMB and the Australian dollar was officially launched. This is the third currency that can be exchanged directly with the renminbi after the US dollar and Japanese yen. This marks an important step in the process of RMB internationalization.

The reduction of exchange cost and the risk of avoiding the fluctuation of the US dollar exchange rate are the most direct positive benefits after the direct currency exchange between China and Australia.

In the view of a target= "_blank" href= "http://www.91se91.com/" > textile > /a > a target= "_blank" href= "http://www.91se91.com/" > clothing > enterprise, it seems that although the decrease of exchange cost after currency direct exchange is obvious, but the long term strength of the US dollar and the initiative of foreign businessmen in the settlement mode, we really need to enjoy the good fortune of RMB and Australian dollar, and enterprises still need to overcome many challenges.

For the current stage, the positive impact of RMB's influence on the international market is much greater than that of the exchange cost.

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< p > strong > US dollar status is still strong in the short term < /strong > < /p >.

< p > for a long time, Chinese and Australian enterprises usually exchange their local currency into US dollars for foreign exchange capital pactions and then settle accounts.

In the Sino Australian textile and garment trade, the position of the US dollar should not be underestimated.

Almost all of the Australian exporters have quoted products in US dollars.

Fang Jianguo, general manager of a target= "_blank" href= "http://www.91se91.com/" > dress < /a >, said that because it is easier for enterprises to grasp the trend of the exchange rate of RMB against the US dollar, everyone is accustomed to quote in US dollar.

"For example, we can predict the fluctuation range of the RMB against the US dollar in the next month.

The prediction of the Australian dollar trend is relatively difficult and the relative risk is relatively large, so we will not easily try to quote the Australian dollar directly. "

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< p > for foreign trade people who are used to the a href= "http://sjfzxm.com/news/index_cj.as" > US dollar exchange rate < /a >, for a week, the direct appreciation of RMB and Australian dollar may not be enough.

Although the direct exchange between two countries can reduce the intermediate cost of trade settlement, the exchange risk can be reduced under the condition of large exchange rate fluctuations. However, due to the lack of settlement leading power in China's textile and garment export enterprises, enterprises need to wait for the opportunity to do direct business in practice.

At present, apart from paying attention to exchange rate changes, export enterprises are also observing Australian businessmen's attitude toward direct exchange.

"We have not yet quoted the Australian dollar.

Because in practice, the way of settlement is mainly determined by the customers.

If Australia is willing or ripe, we may try to settle it directly. "

Guo Qihua, general manager of Nantong Jiangyuan economic and Trade Co., Ltd.

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< p > some experts pointed out that the direct trading between the RMB and the Australian dollar signalling more than the actual significance, because direct trading does not affect the market price, nor does the enterprise feel the price cost changes.

From the experience of RMB direct against Japanese yen, the pricing mechanism is still around the US dollar, which is also a common concern of the enterprises after the opening of the RMB against the Australian dollar.

Xu Xu, general manager of Huaian Datang International Trade Co., Ltd. believes that direct exchange means that the RMB exchange rate with the Australian dollar does not need to be calculated through the US dollar. However, the exchange rate fluctuations between the two currencies still need to refer to the US dollar, and the subtle influence still exists.

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< p > < strong > the cost of exchange is reduced, and the benefits are limited. < /strong > < /p >

In the past two years, the export situation of Australia's textile and clothing is very good. In 2012, China exported $4 billion 736 million to Australia's textile and clothing, an increase of 6.05% over the same period last year. Australia has become the ninth largest export market of China's textiles and garments.

Unlike other export markets, the Australian textile and garment market has the characteristics of small orders and lots of batches. Hundreds of orders for clothing have become commonplace in the eyes of exporters.

It is precisely because of the small amount of orders, our enterprises look at the advantages of reducing the cost of foreign exchange, it also appears relatively calm.

Professional calculations show that in the past, the conversion of RMB into US dollars and the conversion of US dollars into Australian dollars were equivalent to two exchange costs.

Now, the renminbi will bypass the US dollar in the middle currency, and the exchange will be completed only once, and the exchange fee will also be reduced by 1/10000 to 5/10000.

If we take a clothing company that exports 2 million Australian dollars to Australia as an example, if we can reduce paction costs by 5/10000, we can save 1000 Australian dollars per year, and the cost savings will be far from that of resource enterprises such as coal or iron ore with huge trade volume.

On the other hand, if every single Australian dollar is settled, enterprises must also agree with the Australian businessmen and remove the unfavorable factors such as exchange rate fluctuations.

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< p > although the positive effect of the direct exchange on the currency is still on the sidelines, there is no doubt that the opening stone of the trading currency will open the way for investment and trade between the two countries.

Australian Prime Minister Gilad said that the direct currency will bring huge benefits to Australia, which will not only benefit the large Australian enterprises, but also benefit the small and medium enterprises wishing to enter the Chinese market.

From another perspective, the strengthening of cooperation between Australian enterprises and the Chinese side will create more opportunities for bilateral trade development.

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< p > < strong > Chinese people will go to Australia for consumption or will be better than /strong > /p.

After the opening of the "P" RMB and Australian dollar direct business, the hot topic of the industry is also to reduce the cost of tourism and consumption in Australia.

Beijing garment import and export Limited by Share Ltd has little export business to Australia, so the deputy general manager Hou Jianshan has not paid special attention to the positive level of the enterprise.

He believes that the most practical advantage of the direct currency exchange is that shopping in Australia has become more attractive: "Australia has strong relevance to China's economy and is also one of the first places for Chinese to study abroad and invest abroad.

Once the direct exchange is realized, the exchange can only be completed only once if the central currency is bypassed. For those who travel to Australia, the cost of credit card consumption in Australia will drop later.

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< p > in recent years, the proportion of people who go shopping in Australia has been increasing. With the gradual maturity of tourism routes, the number of Chinese tourists in Australia has doubled. Although many people who have gone abroad have to buy a lot of luxuries, but the number of Chinese tourists has increased sharply in every domestic holiday, so that Australian businessmen are delighted because most customers will buy quite a few high-end consumer goods.

After the RMB and Australian dollar are directly traded, the reduction of consumption cost may push up the enthusiasm of the people in shopping in Australia, and the potential of RMB in Australia is expected to gradually appear.

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