RMB Exchange Rate Continued To Decline, Experts Recommended To Hedge Against U.S. Dollars

In 2015, the devaluation pressure faced by the RMB is bigger. In the future, the RMB will depreciate to the US dollar.

For ordinary investors, if there is a need for foreign exchange, in 2015 it can be exchanged for some US dollars to reduce exchange rate losses.

After the Spring Festival of the sheep, the spot exchange rate of RMB closed for 2 consecutive trading days.

In March 2nd, the yuan reached a 29 month low against the dollar.

In fact, during the Spring Festival, the RMB spot exchange rate was mainly depreciated, and the central parity of the renminbi also depreciated.

The latest report released by Shen Wanhongyuan (000166, stock bar) shows that the spot exchange rate of RMB closed at 6.2589, or 0.22%, from 2 13 to February 26th.

The central parity price closed at 6.1379, or 0.08%.

Because of the high level of deviation between the spot and the central price, the pressure of RMB depreciation has increased significantly since the beginning of 2015.

In the China Merchants Bank (600036, stock bar) financial market headquarters senior analyst Liu Dongliang, the RMB depreciation pressure comes partly from the strength of the US dollar.

As the United States has ended the QE and is likely to start the rate hike cycle in mid 2015, while Europe and Japan are still on the road to easing policy, the depreciation of RMB against the US dollar in 2015 is more stressed.

He also said that the RMB exchange rate will generally enter a two-way float in 2015, short term fluctuation interval or 6.05-6.26, and the mid-term fluctuation range may expand to 6.00-6.35.

The share of the price will rise further. When the US dollar is strong, the renminbi tends to depreciate in a short term. When the US dollar is callback, the renminbi tends to appreciate in stages.

At present, influenced by the recent strong data in the United States, the US dollar index has broken through the previous platform and strengthened rapidly. The US dollar index is hovering at the high level of 95, and the depreciation pressure of RMB in the near future is still large.

In the face of the increasing volatility of the RMB to us dollar exchange rate, many foreign exchange analysts have suggested that investors can properly purchase some US dollars as family currency assets so as to diversify investment risks and deal with the losses caused by the continued depreciation of the renminbi.

A state-owned bank's financial planner suggested that although few customers actively take part in the bank consultation to convert some Renminbi assets into US dollars, but for those who have children studying in the United States, or those who need us dollars for a certain period of time, it is a good choice to buy the dollar in a timely manner.

However, industry insiders pointed out that the current fluctuations in the RMB exchange rate will not bring a substantial increase in the cost of studying abroad and travel.

In exchange for foreign exchange, in the past, the rule of "unilateral revaluation of the RMB" in the past "more late exchange refunds" has been broken.

The public should adjust relevant ideas in time.

And for decentralization

At present, the yield of foreign currency investment and financial products is relatively low, and the market average of annual yield is around 2%.

However, "based on the long-term performance of the US dollar, we will still recommend that some large assets customers appropriately convert part of the renminbi into US dollars in order to diversify investment risks and hedges.

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In terms of investment type, overseas property, QDII products and so on are all good choices.

For foreign trade enterprises, the sharp fluctuation of RMB exchange rate will directly affect the actual profits of foreign trade enterprises.

"The era of unilateral appreciation has closed in the past, and the exchange rate risks faced by enterprises have risen sharply. It has become a problem for enterprises to focus on, select products and choose timing."

Liu Dongliang said.

Therefore, hedging products provided by banks will become the best "weapon" for enterprises to lock in profits, and those with larger trade volume can consider related investments.