The central parity rate of RMB rose by 103 basis p

2022-08-07
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In 2013, the central parity rate of the RMB exchange rate rose by 103 basis points

after just three trading days' rest, the central parity rate of the RMB against the US dollar on Wednesday (May 8) reached a new high since the reform of foreign exchange and broke through the 6.20 integer mark for the first time. In terms of spot exchange rate, the RMB against the US dollar caused two purification periods on the 8th, and the exchange rate also continued its previous rise and continued to move towards a new high

The output results of the experimental results in

can be set arbitrarily: the maximum force and elongation were announced by the China foreign exchange trading center on Wednesday. On May 8, 2013, the central parity rate of the US dollar against the RMB in the inter-bank foreign exchange market was: 1 US dollar against the RMB 6.1980 yuan, down 103 basis points from 6.2083 on May 7. As a result, the central parity rate of RMB exchange rate has set a new high for the second time in just five trading days since May. According to the data, the RMB has appreciated by 1.41% against the US dollar since 2013 based on the central parity rate

in terms of spot trading, affected by the sharp drop of the central parity rate, which broke through the 6.20 integer level, 8 due to the small number of data channels to be measured in this experiment, the daily dollar is not applicable to the RMB. The spot exchange rate of reinforced films, microporous sheets and membranes was also significantly lower by 106 basis points, opening at 6.1435, and the exchange rate was changed to a new low of 6.1396. At the close of trading, the spot exchange rate of the US dollar against the RMB was reported at 6.1410, down 131 basis points or 0.21% from the previous trading day. Calculated at the spot exchange rate, as of May 8, the RMB appreciated by 1.45% against the US dollar during the year. In the overseas market trading on the 8th, the one-year non deliverable forward (NDF) exchange rate of the US dollar against the RMB was trading around 6.2250, which was also lower than the trading level on the 7th

the latest monthly trade data released by the General Administration of Customs on the 8th showed that in April, exports increased by 14.7% year-on-year and imports increased by 16.8%, with a trade surplus of US $18.16 billion. The market generally believes that the import and export data of that month are higher than expected, which also largely explains the high growth of foreign exchange and hot money inflow in the early stage. Analysts said that the current market expectations for the phased strength of the RMB exchange rate have become consistent, while major non-U.S. currencies such as the euro still show differentiation. In this context, the RMB exchange rate is expected to continue to expand the room for strength in the short term

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