RMB Exchange Rate Continues To Lower Foreign Exchange Financial Products Gradually Warming Up

< p > in a bank, a reporter sees Mr. Li, who is in the process of handling foreign exchange financing business. He has bought a half year Australian dollar financial product, and the expected annual yield of the product is 5.5%.

"This year, the yield of Australian dollar financial products is high. If the RMB continues to depreciate, the yield of Australian dollar financial management is considerable."

He said.

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< p > according to the financial planner, the appreciation rate of RMB exchange rate in the past few years is large, resulting in the yield of some foreign exchange financial products is even negative.

In 2014, as the RMB exchange rate continued to decline, the actual yield of foreign exchange financial products increased considerably, and the investors who consulted and handled foreign exchange financing also increased significantly.

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< p > reporters visited a number of banks and found that the yield of foreign currency < a href= "http://www.91se91.com/news/index_cj.asp" > financial products < /a > was far lower than that of RMB financial products.

"At present, there are 3 kinds of US dollar financial products in our bank. The highest annual yield is expected to be forty-sixth in the Bank of China, with a yield of 3.2%."

The financial controller of Bank of China (601988, stock bar) told reporters, "if the exchange rate factor is taken into consideration, the rate of return is not only that high."

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The spot exchange rate of < p > a href= "http://www.91se91.com/news/index_cj.asp" > USD < /a > declined from 6.05 in December 31, 2013 to 6.26 in April 30th, with a devaluation of over 3%.

"If you buy US dollar financial products at the beginning of the year, its yield is now close to RMB financial products."

The financial manager said.

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< p > insiders remind investors to try to buy foreign exchange financial products, which are formal a href= "http://www.91se91.com/news/index_cj.asp" > financial institutions < /a >. Do not buy foreign exchange financial products recommended by individuals or informal institutions. At the same time, you can see clearly the various clauses, clarify the details, prevent cheating and credit risks.

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< p > experts have also reminded investors that the RMB exchange rate volatility has increased from 1% to 2% since March 17th, and the risk of exchange rate fluctuations has increased.

Analysts said that the RMB exchange rate is going down in the short term, but it is hard to say that the long and medium term RMB will continue to depreciate.

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< p > analysts say that if the RMB exchange rate is strengthened, foreign exchange financing may not make up for the loss of exchange rate.

Moreover, the trend of exchange rate is hard to predict. Once the exchange rate trend is unfavorable, investors will not have the means to avoid risks.

In addition, the investment cycle of foreign exchange financial products is generally relatively long, and the liquidity of funds is poor. There is a certain liquidity risk.

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< p > experts suggest that investors should choose financial products according to their actual conditions and do not blindly follow suit.

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