Who has benefited from the new high of the renminbi against the US dollar?

In China, the ready to go to the United States to invest in the rich.

From China's exchange rate reform in 1993, when 1 US dollar to RMB yuan to 1 US dollar to RMB yuan, the exchange rate of RMB against US dollar has risen again and again, constantly refreshing history and becoming the focus of international finance. For the appreciation of the renminbi, many economists consider China's national interests to think that the advantages outweigh the disadvantages, and oppose the United States interference in the exchange rate of the Chinese people's currency, although the result of the appreciation of the renminbi is not good, but we cannot deny that the renminbi exchange rate against the dollar has its reasons.

The exchange rate of the renminbi and the US dollar appreciated.

1. Gross national product.

In general, an increase in national income leads to a higher level of consumption, which in turn increases the demand for the local currency. If the money supply remains unchanged, the additional demand for the local currency will increase the value of the local currency, causing the foreign exchange to depreciate. As everyone knows, since the beginning of reform and opening up, China's economic development level has been continuously improved, and the national income has been continuously improved.

With the growth of the economy, the increase in productivity, the continuous increase in exports and the increasing supply of foreign exchange (currently the largest foreign exchange reserves in the world), the high rate of return on domestic investment will attract foreign investment, which will increase the supply of foreign exchange and lead to the depreciation of foreign currency. The local currency appreciates. Although we cannot deny the fact that the US GDP has remained the largest in the world for many years, we must even more admit the impact that China has had on the world economy in terms of total GDP over the years.

As a result, China's economic prospects now look far greater than those of the United States.

2. Balance of payments.

A surplus in a country's balance of payments will lead to an increase in the supply of foreign exchange, leading to a decrease in the exchange rate, i.e., the appreciation of the renminbi against the US dollar. From 2005 to the present, China's balance of payments has maintained a large surplus. In particular, China's "double surplus" in the current account, capital and financial accounts of the balance of payments has always accounted for a large proportion of the total surplus.

This is the most striking feature of China's balance of payments. In fact, since 2000, China's total balance of payments surplus has been expanding year by year, reaching an all-time high of $445.3 billion in 2007, with an average annual growth rate of 53 percent. In the first half of 2008, the balance of payments continued to maintain a large surplus, but the growth momentum eased somewhat.

This is mainly due to the impact of the financial crisis, and in the first half of 2008, the external environment in which China's economic development is located deteriorated. The subprime mortgage crisis in the United States continues to have a strong impact on international financial markets and the real economy. In addition, in the first half of 2008, the country was hit by severe natural disasters.

Under the effect of two aspects, China's economic operation is also facing some outstanding problems: the domestic production index has risen significantly, and the increase in consumer prices has declined, but it is still not optimistic; Some small and medium-sized enterprises have difficulties in production and operation; The domestic capital market continues to fluctuate and slump. But on the whole, China has a surplus with the United States, and it is huge.

The world's largest foreign exchange reserves were not given by others, but were obtained from a surplus.

3. Money Supply and Inflation.

What are the reasons for the rapid appreciation of the RMB against the US dollar?

The recent decline is related to economic development.

If the renminbi appreciates against the U.S. dollar, it also means that the individual's renminbi assets are more valuable than the U.S. dollar.

The appreciation of the renminbi will make it more affordable for ordinary people to travel and study abroad. For example, before the yen appreciated, 350 yen was exchanged for 1 dollar, and after the appreciation, 86 yen was exchanged for 1 dollar. Of course, the proportion of RMB appreciation will not be so high, but after the appreciation, the RMB will be more valuable abroad.

But it also depends on which countries and regions are visited. Since RMB is not a directly convertible currency, overseas consumption may also refer to the price level of the tourist destination. The "Currency Illusion" Should Not Be Satisfied It should be pointed out that ordinary people's understanding of the appreciation of the renminbi is "more valuable" and "more cost-effective" on the surface, but ordinary people can easily fall into the "currency illusion" under the expectation of the appreciation of the renminbi.

The appreciation of the renminbi is conducive to the import of high-quality and low-cost commodities or raw materials, which affects the rise and fall of some domestic commodities. In the long run, the increase in domestic imports expands the demand for international commodities, which is also conducive to the development of international commodities, which in turn will bring domestic commodities closer to international commodities, and eventually bring domestic commodities.

After the appreciation of the renminbi, the cost of direct investment in China will increase, foreign investors will reduce their investment in China, new investment enterprises may stagnate, and the scale of existing enterprises may also be reduced, which will of course affect our employment; At the same time, due to the appreciation, foreign tourists will reduce their travel and consumption in China, which will also have an impact on our service industry and tourism, and then affect this part of the employment population.

So, despite the personal instinct that you feel that you are richer than before, you can only buy domestic goods of the same value.

On December 29, according to the data released by the China Foreign Exchange Trade System today, the central parity of the RMB exchange rate against the US dollar was quoted at the yuan on December 29, an increase of 70 basis points.

On December 29, 017, the central parity of the RMB exchange rate in the interbank foreign exchange market was: 1 US dollar to the Chinese yuan, 1 euro to the Chinese yuan, 100 yen to the Chinese yuan, 1 Hong Kong dollar to the Chinese yuan, 1 British pound to the Chinese yuan, 1 Australian dollar to the Chinese yuan, 1 New Zealand dollar to the Chinese yuan, 1 Singapore dollar to the Chinese yuan, 1 Swiss franc to the Chinese yuan, 1 Canadian dollar to the Chinese yuan, and 1 yuan to the Malaysian ringgit.

Currency foreign exchange rate, abbreviated as FXRATE, FXRATE is the abbreviation of "foreign exchange rate" in English. It is the ** of the national currency expressed in the currency of another country, and its level is ultimately determined by the foreign exchange market. Foreign exchange trading is generally concentrated in financial institutions such as commercial banks.

The purpose of their trading of foreign exchange is to pursue profits, the method is to buy cheap and expensive to sell, to earn the bid-ask spread, the exchange rate on which they buy foreign exchange is the ** exchange rate, also known as the ** price; The exchange rate on which foreign exchange is sold is called the selling rate, also known as the selling price.

Summary:Foreign exchange rates are determined by the foreign exchange market.

The RMB exchange rate issue involves the national economy is the key point of a move: first: it will affect China's exports, as we all know, China belongs to the economic model of processing and production, most of the achievements of reform and opening up in recent years are the huge contribution made by exports, and also account for a very important part of GDP, if the RMB appreciates, exports will be greatly impacted, many companies that rely on exports for a living will face bankruptcy, the number of unemployed people will increase, income will decrease, consumption will decrease, these not only hinder the development of the country's economy; At the same time, it is not conducive to the transformation of the economic model, and even if unemployment is not dealt with in a timely manner, it may also rise to social problems.

Secondly: the appreciation of the RMB, the demand for RMB abroad increases, the first to increase the supply, to put it bluntly, the money printed will increase greatly, but for the people who hold the RMB in China, in fact, the RMB in their hands is depreciating, and the only benefit is that overseas travel or shopping is relatively cheaper than before. Again:

RMB appreciation, is not equal to interest rate hikes, if the country still maintains a loose monetary policy, will inevitably trigger the inflow of hot money, at present everyone is very clear that the country is regulating real estate, real estate will also be directly related to the banking industry, so it is difficult to have a breakthrough, of course, the outside of the hot money is not stupid, they also know the current situation in China very well, they want to make money, naturally it is not likely to flow into these areas, but hot money still exists, so their direction may be aimed at areas related to people's livelihood, such as agricultural products, etc., That is a disaster for our domestic people, because at the same time as foreign hot money is speculated, domestic hot money will inevitably flow into these areas related to people's livelihood, resulting in soaring, in fact, they are taking away the hard-earned money of our people. Finally: the renminbi is not a market-oriented currency so far, the appreciation is relative to a certain currency, of course, we are still appreciating relative to the dollar, on the contrary, the dollar is depreciating relative to the renminbi, so to speak, our huge foreign exchange reserves will be equivalent to evaporation, and the fruits of economic development in the past 30 years are shrinking.

To illustrate, the economy is two-sided, and what the future will be like needs to be determined in a period of time to analyze the effects of the forces of both sides, and the orbit is naturally biased towards the side with the greater force in this time period. If the RMB appreciates, as an ordinary person, I can think that there will be some of the above problems (just a list of them), and the country's leaders are even clearer, I believe they will have a very good policy to deal with these negative effects in the future, which of course depends on the RMB is the policy currency after all, no matter how the hungry wolves led by the United States shout, we will not compromise so easily, even if the appreciation is mild and controlled.

Prices**, the common people suffer! The currency is depreciating and the money is not worth much, so it may be possible to make money by doing **.