In The Future, The Momentum And Pressure Of RMB Appreciation Will Coexist.

Since 2016, the operation time of RMB foreign exchange market has been adjusted from Beijing time 9:30-16:30 to Beijing time 9:30-23:30.

The central bank has announced that after the extension of the trading hours, it will take the Beijing time 16:30 renminbi to the US dollar spot inquiry price as the closing price.

The Central Bank of China sharply lowered the middle price of the RMB against the US dollar in August 11, 2015, and announced that it would further improve the middle price offer, creating the largest single day decline since the 1994 merger.

And commodities fell.

In August 14th, the central parity of RMB rose slightly, ending three days.

The central parity of RMB against the US dollar increased by 71 points, breaking the 6.75 pass 6.7491, and the middle price of the previous day was 6.7562. At 16:30 last day, it closed 6.7613, and the evening plate closed at 23:30.

Yao Shaohua, senior economist of Hang Seng Bank on Wednesday, pointed out that the price of RMB against the US dollar at the end of this year is about 6.8, which will be reduced to 6.9 by the end of next year. In the future, the appreciation and devaluation pressures of the renminbi will coexist.

Yao Shaohua pointed out that RMB accession

It helps to enhance its position as a global reserve currency.

As China's economic growth is relatively high and its current account remains relatively high, the renminbi will have a driving force in the future.

Prior to that, Pan Gongsheng, vice governor of the people's Bank of China, commented on the decline since the national day of the yuan. Compared with the international reserve currency and emerging market economies, the RMB exchange rate decline is not large in the global scope, and the RMB has appreciated against a basket of multilateral exchange rates.

Pan Gongsheng met with William Conway, co-founder of Carlyle investment group. He pointed out that China's economy has been running smoothly and has made positive progress in structural adjustment.

The new kinetic energy will accelerate growth and the financial market will run smoothly.

The RMB exchange rate will remain basically stable at a reasonable and balanced level, and there is no basis for sustained depreciation.

The people's Bank of China authorized the China foreign exchange trading center to announce the RMB exchange rate intermediate price in the interbank foreign exchange market in November 3, 2016: $1 to RMB 6.7491 yuan, 1 euro to RMB 7.4909 yuan, 100 yen to RMB 6.5280 yuan, 1 yuan to RMB 8.3063 yuan, 1 yuan to RMB RMB, 1 yuan to RMB yuan yuan, Singapore dollar to RMB RMB yuan, Swiss Franc to RMB yuan, RMB Canadian dollar to RMB yuan, RMB yuan to lringgit, RMB yuan to Russian Russian ruble, RMB yuan to South Africa Rand, RMB yuan to Yuan Han Yuan, RMB yuan to pdlam, RMB to RMB.