The Central Parity Of RMB Against The US Dollar Is Reversed, And The RMB Has Depreciated.

< p > according to the China foreign exchange trading center, the RMB exchange rate between the RMB and the US dollar was 6.1257 in the inter-bank foreign exchange market this week, down 21 basis points from the previous trading day, and set a new low level since December 6, 2013.

Of course, not only the US dollar, but also the renminbi's foreign exchange rate, such as the pound, the euro and the Swiss franc, has declined to varying degrees, giving people a feeling that "the game may have to be changed."

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< p > if you are accustomed to the unilateral trend of RMB appreciation in the past years, then it may be necessary to adapt to the new "rules of the game" now.

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< p > reporter noted that in this week's financial market, it was not only a href= "http://www.91se91.com/news/index_cj.asp" > exchange rate < /a >, but also the interbank room was also noisy.

In recent days, Zhou Xiaochuan "pardon" the balance of treasure, said it would not ban the balance of treasure and other financial products, at the same time, all banks pushed their own "class balance treasure" products.

It is worth pondering that with the depreciation of the renminbi, the 7 day yield of Internet financial products has dropped below 6%, and the high yield has begun to "fever", and the financial products of banks have also been slightly reduced.

It is tempting to note that the annual yield of foreign currency products, including US dollar financing, suddenly stood at 5%, breaking the long silence.

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< p > then, will the depreciation of the RMB mean that it will suffer losses or have a chance to make a profit? If there are financial accounts, it is found that in just two weeks, 10 thousand yuan can be exchanged for more than 800 yuan RMB.

If we plan to study abroad, the original plan will cost US $30 thousand, and now we need to pay more than 2400 yuan RMB.

Similarly, in recent years, the active Hai Tao family is equal to the collective price of clothes and ornaments, and now it may lose real gold and silver.

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< p > Mr. Liu said that during his trip to South Korea before the Spring Festival, he spent about 5000 dollars on the bank's credit card, which was estimated to be 30 thousand and 500 yuan at the time of the exchange rate. But on Friday's repayment date, the deduction message showed that he had been detained for nearly 31 thousand yuan.

A bank financial planner said that the RMB exchange rate fell sharply against the US dollar and increased the cost of repayment of overseas consumption.

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< p > reporter also noted that since the "a href=" http://www.91se91.com/news/index_cj.asp "dollar" /a "became valuable, the gold price was not so cost-effective, and the gold investment market which was also popular after the Spring Festival was somewhat wait-and-see.

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< p > of course, exchange rate changes may not be all bad things. Foreign currency financing has recently taken an express train.

According to the introduction, a joint-stock bank expects to achieve an annual yield of 3.2% for 1 years of US dollar financial products, with a starting point of $8000, which is more than 2.5% of the income at the end of last year. It also far exceeds the interest rate of about four US dollars in one year.

It is worth mentioning that a bank last week sold a 6 month period of US dollar financial products, and even reported a yield of 5.05%.

Australian dollar products continued to remain high.

The reporter understands that the Australian dollar products of many joint stock banks expect an annual yield of over 5%.

One of the products has a maximum of 5.2%, with a duration of 174 days, which almost approaches the normal earnings of RMB financial products.

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< p > CITIC Bank's financial manager thinks that as the US Federal Reserve withdraw from Q E and the US dollar raise interest rate expectations, investors begin to be optimistic about US dollar assets.

In fact, since last year, many customers have already used the full amount of exchange quotas available each year, that is, the upper limit of US $50 thousand, through which US dollar asset allocation can be increased.

The depreciation of the renminbi against the US dollar will also benefit some of the investors.

However, the reporter noted that the industry view generally believed that although there is a trend of "salted fish turning over", the proportion of foreign currency financial products in the market is still very small, and the financial investors can not be highly selective. Even 5% of the proceeds are only in line with the RMB financial products.

"For tens of millions of assets investors, from a long-term perspective, they can appropriately configure overseas products to achieve diversification of assets and effectively avoid risks."

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< p > in fact, since the exchange reform in 2005, the nominal exchange rate of the "a href=" http://www.91se91.com/news/index_cj.asp "RMB" to us dollar < /a > has appreciated by about 35%.

It is observed that there are two views in the market for the recent devaluation of the RMB: first, the central bank has intervened in exchange rate voluntarily, hoping to ease the inflow of arbitrage funds through the depreciation of the renminbi.

Two, the domestic economy is weak recently, and overseas investors are worried about the fundamentals of China's economy.

However, experts who hold the former view seem more.

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< p > analysts believe that the devaluation of the renminbi is a normal reaction of the market, and it is a signal that the central bank has gradually reduced its administrative intervention to the market.

About the reasons for the decline, "one is the recent decline in China's export trade, and the balance of export trade has affected the trend of exchange rate; two, the property price wave has caused market anxiety in the past few days, resulting in the empty voice of China, and the withdrawal of Q E from the United States and the return of capital."

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P reporter noted that China Gold Corporation (CICC) released a report on Tuesday that the RMB exchange rate is in a weak position in the short term, but the possibility of a significant devaluation is low.

It is worth noting that the general view of the industry is that in the long run, the renminbi will maintain a slight appreciation.

Zhao Qingming, an expert on international finance, said on micro-blog recently that the exchange rate rise or fall is normal and needs no decomposition.

According to Zhao Qingming's prediction, the general direction of RMB will appreciate in the future, and the possibility of 3%-5% appreciation in 2014 will not be ruled out.

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