The dollar fell 16 months to a new low, the loss of orders at the beginning of foreign trade losses
- Author:Alex
- Source:sunny world logistics
- Release Date:2017-09-13
In September, the yuan against the dollar staged "lightning" appreciation. 8, the central parity of RMB against the US dollar 6.5032, even up ten trading days, not only hit a new high since May 12, 2016, also hit the beginning of 2011, the longest rose record.
Year-to-date, the central parity of RMB rose more than 5%, spot exchange rate rose nearly 7%, the appreciation rate far more than half of the bank half-year financial products income.
RMB "counterattack" may be the biggest surprise this year, financial markets.
Since the reform of the "8.11" in 2015, the RMB has continued to depreciate against the US dollar. At the end of 2016,The dollarIt is even directed at the "7 mark", the devaluation trend is particularly evident, when most people think that the RMB break "7" is only a matter of time, and do not need too long.
However, despite the dollar index hit a new high from time to time, the beginning of the renminbi against the dollar depreciation momentum has begun to slow down, "7 mark" has been broken without breaking, the beginning of the year or even the first waveappreciationThe
The end of May, the yuan began to shock out of the range, ferocious rally. The last round of the renminbi mid-price rally began on August 28, after an average daily increase of more than 154 basis points, 10 days a total of 1547 basis points up, out of a steep rising line. Offshore renminbi and onshore RMB fluctuate more.
Not only that, the yuan is rightEURAlso began to appreciate. At the same time, the RMB exchange rate index offer also continued to rise slightly.
Exchange effects are more intuitive. In the case of $ 10,000, for example, the exchange rate at the beginning of 2017 was almost 6.95 and the exchange rate of $ 10,000 was $ 69,500. On September 9, the Bank's cash / cash offer was 6.51, which means that the same exchange rate Million dollars, now only need 65,100 yuan. Just over eight months, the exchange of 10,000 US dollars can save nearly 4,500 yuan.
Year-to-date, the central parity of RMB rose more than 5%, spot exchange rate rose nearly 7%, the appreciation rate far more than half of the bank half-year financial products income.
RMB "counterattack" may be the biggest surprise this year, financial markets.
Since the reform of the "8.11" in 2015, the RMB has continued to depreciate against the US dollar. At the end of 2016,The dollarIt is even directed at the "7 mark", the devaluation trend is particularly evident, when most people think that the RMB break "7" is only a matter of time, and do not need too long.
However, despite the dollar index hit a new high from time to time, the beginning of the renminbi against the dollar depreciation momentum has begun to slow down, "7 mark" has been broken without breaking, the beginning of the year or even the first waveappreciationThe
The end of May, the yuan began to shock out of the range, ferocious rally. The last round of the renminbi mid-price rally began on August 28, after an average daily increase of more than 154 basis points, 10 days a total of 1547 basis points up, out of a steep rising line. Offshore renminbi and onshore RMB fluctuate more.
Not only that, the yuan is rightEURAlso began to appreciate. At the same time, the RMB exchange rate index offer also continued to rise slightly.
Exchange effects are more intuitive. In the case of $ 10,000, for example, the exchange rate at the beginning of 2017 was almost 6.95 and the exchange rate of $ 10,000 was $ 69,500. On September 9, the Bank's cash / cash offer was 6.51, which means that the same exchange rate Million dollars, now only need 65,100 yuan. Just over eight months, the exchange of 10,000 US dollars can save nearly 4,500 yuan.