RMB Continued To Depreciate Against The US Dollar.

< p > here, the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes, < hat > net, to introduce the Chinese yuan to the US dollar for 16 month low, two-way fluctuation or greater.

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< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201404/24/20140424083450_sj.JPG "/" < < > >

Shortly after opening yesterday, the Yuan went against the US dollar to a low of 1 to 6.2465 yuan, down from 6.2375 yuan on Tuesday, the lowest level since the 6.2475 yuan in December 14, 2012, the 16 month low of the yuan against the US dollar.

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< p > since the beginning of this year, the trend of continued depreciation of the "a href=" //www.sjfzxm.com/news/index_s.asp "RMB > /a > US dollar is obvious.

The central parity of the yuan against the US dollar has fallen by 680 basis points compared with the new high in January, 14.

Especially in the two week after February 19th this year, the RMB exchange rate continued to depreciate sharply.

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Zhang Ming, director of the International Investment Research Institute of the Institute of world economics and politics, Chinese Academy of Social Sciences, pointed out that the long term appreciation cycle of RMB against the US dollar is coming to an end. P

"According to my calculations, if the RMB starts to strengthen again against the US dollar in the two quarter of this year, it will probably approach 1:6 near the end of this year, which may be a very important turning point.

This is not to say that the exchange rate will definitely depreciate after 6, but that the two-way fluctuation will be greater after 1:6. "

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Yi Xianrong, a researcher at the P research center of the Chinese Academy of Social Sciences, said that after the reform in 2005, the unilateral appreciation of the RMB against the US dollar has reached over 32%.

The proper depreciation of the renminbi can not only block international hot money inflow, crack down on arbitrage of RMB exchange rate, but also ensure that the marketization reform of RMB exchange rate formation mechanism can be carried out smoothly.

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< p > according to China economic net reporter, the reason for the continued depreciation of the RMB against the US dollar is mainly due to the fact that the recent macroeconomic stability in the United States, the gradual easing of quantitative easing policy, and the global capital flows to the United States. The relative appreciation of the US dollar has led to the relative depreciation of the renminbi.

In addition, due to seasonal reasons, the export volume is affected by holidays such as Christmas and Spring Festival. There is a certain anomaly in the foreign exchange settlement at the beginning of the year, causing the fluctuation of the RMB exchange rate.

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< p > for the recent trend of < a href= "//www.sjfzxm.com/news/index_cj.asp" > RMB exchange rate < /a >, Zhao Xijun, vice president of the school of Finance and finance of Renmin University of China, said that the recent international economic situation is good, and the stability of imports and exports has little effect on the RMB exchange rate change, while the monetary policy and geopolitical reasons of Europe and the United States will have a greater impact on the recent trend of RMB.

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