Foreign Investment, US Dollar Interest Rate, High Investment Prospects.

Every summer is the peak season for citizens to buy foreign exchange.

This year, the US dollar continued to strengthen. In the past six months, the central parity of RMB against the US dollar was reduced from 1 US dollars to 6.49 yuan to 6.6805 yuan yesterday.

Because of the demand for investment hedge, many people bought dollar accounts after they bought foreign exchange, and they did not change them into cash. So banks took the opportunity to launch dollar financial products.

But when the dollar appreciates, will it be cost-effective to buy dollars? How can we choose a US dollar investment channel to be safe and profitable?

Ms. Yan's son is in junior high school. Because she has plans to send her son to study abroad in the future, Ms. Yan has paid attention to the trend of the RMB exchange rate.

"In July last year, it was still 6.1, and now it has been reduced to nearly 6.7.

If we pay tens of thousands of dollars in tuition fees, we can really get out of thousands. "

Yesterday, Ms. Yan came to ICBC and wanted to buy 30 thousand US dollars to keep it for later use.

Ms. Yan got the product description. The risk level of US dollar financing is PR2, which belongs to the middle and low level. The term is 3 months, half a year, 9 months, and four kinds a year. The annual interest rates are 0.6%, 1.4%, 1.9% and 2% respectively, and the investment amount is 8000 dollars.

Compared to the 0.05% annual interest rate of US dollar accounts, buying US dollars is more appropriate.

However, after careful reading, Ms. Yan found that the interest on the US dollar financial pactions was paid in Renminbi, and the exchange rate was based on the exchange rate of financial products.

ICBC's US dollar spot purchase price is 667.26 and the selling price is 669.80.

This means that if Yan bought $30 thousand a year on the same day, she would buy US dollars at a rate of 669.80, and the bank would pay interest of 600 dollars at 667.26 of the price. The exchange rate loss of Ms. Yan was about 15.2 yuan.

Later, Ms. Yan compared the US dollar financial products of several banks such as Bank of China, Bank of communications and China Merchants Bank, and found that most banks' dollar management accounts in US dollars, and only some banks pay interest in Renminbi.

After a comprehensive trade-off of risks, deadlines and profits, Ms. Yan finally bought the Bank of communications, 0.8%/, for 6 months.

"In fact, whenever there is a customer consultation,

At the time, we all suggested that he first consider the RMB financial products, because both the US dollar deposits and the US dollar financing are much lower than the renminbi.

"If customers do not need us dollars in the near future, we do not recommend customers to buy dollars," said a financial manager of the Bank of China in a branch of the South Second Ring Road.

The fluctuation of RMB is also limited. It is very difficult to earn the appreciation of the US dollar.

The financial manager gave reporters a detailed account of the two accounts: first, if we simply deposit the bank, in the case of Chinese behavior, the current RMB rate is 1.75% a year at regular intervals, and the US dollar has a regular annual interest rate of 0.8%, with a spread of 0.95%.

That is to say, the US dollar will appreciate at least 0.95% in a year, and US dollar deposits will be profitable.

In July 12th, the exchange rate of US dollar to RMB has reached 6.6950, and the appreciation of 0.95% is 6.7586. Only when the exchange rate of US dollar to RMB reaches 6.7586 can we offset the spread between us dollar deposits and RMB deposits.

Secondly, if you buy US dollar financial products, you want to win RMB financing.

The demand for us dollar appreciation is even higher.

A total of 15 dollar financial products are being sold at the bank, with the initial amount ranging from $8000 to $30 thousand, ranging from 95 to 547 days.

Take the Bank of China's one-year RMB and one-year US dollar financial products as an example, the expected annual yield of RMB financial products is 3.75%, the US dollar financial products are 1.4%, and the spreads are 2.35%.

This means that the US dollar will rise by 2.35% to the level of 6.8523, so that we can win the RMB financing.

For friends who want to hedge against the dollar,

Time deposits are a good choice, and interest rates can be even as many as those of Chinese banks.

For example, DBS bank will hold a US dollar interest rate concession activity from September 30, 2016 to date. Customers who deposit more than US $50 thousand can get 2% annual interest rate.

If customers participate in activities and fill in the relevant customer information, they will receive an additional 0.50% discount rate after forwarding their activities to WeChat friends circle.

The one-year US dollar deposit rate of 2.5% is much higher than that of Chinese banks in the one year dollar management.

The Bank of East Asia is also holding foreign currency deposit fixing activities. The US dollar has a 6 month interest rate of 1.2%, and the deposit amount is only 10 thousand dollars.

However, people in the industry remind us that it is also possible to deposit US dollars in foreign banks. If we encounter foreign financial managers who recommend structured financial products linked to the US dollar or exchange rate, it is best to decline politely.

Because structured finance is usually embedded in financial derivatives, the structure is more complex. If Chinese investors do not read carefully before buying and understand the meaning of professional terms, they can not really understand the investment structure and risks of foreign financial products.

For most citizens with limited investment experience, it is not recommended to buy.