Appreciation Of The Dollar Is Very Popular. Foreign Currency Financing Requires Professional Knowledge.

From the smug to "breaking six" to the top 6.2, the devaluation effect of the yuan against the US dollar has caught many people by surprise. Yesterday morning, the interbank foreign exchange market in the RMB exchange rate between the yuan and the US dollar was 6.1452, although the increase was higher than the previous trading day. However, this year, the RMB exchange rate against the US dollar has fallen by more than 2.8% at the peak, almost eliminating the increase in last year's 3%.. According to the central parity of RMB released by China's currency network, as of last Friday, the yuan depreciated by about 3.9% against the Japanese yen this year, depreciated about 0.91% against the euro, depreciated about 0.38% against the pound, and depreciated about 2.7%. against the Australian dollar.

　　 Foreign currency financing Become a "new force"

Bank of China in March 21st Foreign exchange purchase price The calculation is that 1 million yen will cost 3000 yuan more than the beginning of the year, while the exchange rate of 10 thousand yen and the 10 thousand Australian dollar will be more than 1700 yuan and 2100 yuan RMB respectively than the beginning of the year.

For a time, foreign currency financing has also become the bank's RMB financing and Internet. financial products After that, the third "fresh force". According to statistics of Puyi wealth statistics, last week, commercial banks issued 647 RMB financial products, with an average expected yield of 5.52%. 27 US dollar financial products, with an average expected yield of 3.76%, 4 Australian dollar financial products, an average expected yield of 6.04%, 5 Hong Kong dollar financial products, an average expected yield of 2.74%, and euro financing 3.75%..

Although the average earnings are still unsuitable for the "orthodox" Renminbi financing, there are still some unique individuals. According to the industry, at present, the Australian dollar products generally exceed 5%, and even some of the product revenue has exceeded the number of joint-stock commercial banks headed by 7%. CITIC Bank, and the yield of Australian dollar financial products has reached more than 6%.

　 Foreign currency financing is a big financial product. We should be cautious.

"Although the returns are good, we need to do our best in choosing foreign currency financial products. Because after all, the purchase amount of such products like the US dollar is thousands of dollars or even tens of thousands of dollars, which is a large financial product. Professionals in the industry say that investing in foreign currency financial products requires a certain amount of foreign exchange knowledge. At the same time, they need to have some foreign exchange support. Otherwise, it is better to choose RMB financial products. The exchange rate risk of foreign currency financing is self supporting. Investors who do not know much about foreign exchange knowledge should not blindly purchase because of the increase in yield.

Exchange rate risk is also a factor that can not be ignored. A financial planner with a commercial bank said that foreign currency financing is not very suitable for ordinary investors to invest, because in the process of investment, it is necessary to change the RMB in the hand to other currencies such as the US dollar. The exchange rate risk is at its own expense. At the moment, which currency will continue to be strong is unknown. If you want to manage foreign currencies, you'd better have some foreign exchange earnings. "In view of the fact that many of the foreign currency financial products currently issued on the market are financial derivatives, investors must clearly understand the benefits and risks and not blindly purchase them because of the increase in yields."

　　 RMB exchange rate fluctuation is a normal phenomenon.

Recently, some financial managers worry about the depreciation of the renminbi. There is a point of view that the financial issue of RMB exchange rate needs professional interpretation, otherwise it will easily mislead investors. "A slight two-way fluctuation in these two months is not a bad thing. It is a normal and inevitable phenomenon."

GF Securities macro analysts said that the recent pessimism and anxiety in the stock market and the real estate market are more than just emotional amplification of the market, not a rational reflection of the true fundamentals. In the absence of a long-term appreciation of the renminbi, there is no need to be too pessimistic about the overall situation of the RMB exchange rate and foreign exchange occupation throughout the year. At this stage, investors should not overreact to risks such as capital flight and real estate market.

Societe Generale economist Lu commissar also said that the most likely trend for the rest of the year is interval shocks, but in the longer term, it is still necessary to try to float flexibly.