What does it mean if the renminbi appreciates sharply?

It means that the value of the renminbi is becoming more and more valuable, and the value of the renminbi has increased. Inflation is decreasing.

First of all, it means that imported goods are cheaper, and the country will import a large number of foreign goods and reduce exports; Secondly, it means that it is cheaper for students to study abroad, after all, it is more advantageous to exchange for US dollars; Finally, it means that the country's economic development is very good, and the international status of the renminbi has been improved.

If the renminbi appreciates sharply, it means that money is becoming more and more valuable, and prices will fall, but there may be a shortage of goods in the market.

On September 16, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to the Chinese yuan, a sharp increase of 397 basis points from the previous trading day, rising above the mark.

In the long run, the central parity of the RMB exchange rate against the US dollar on May 29 was.

1316, in just over 3 months, the central parity of the RMB exchange rate against the US dollar appreciated by 3491 basis points.

The offshore and onshore RMB exchange rate against the US dollar is even more "rising". On the morning of September 16, the onshore and offshore RMB exchange rates both rose above the threshold.

Why is there such a sharp appreciation of the renminbi?

As for the reasons for the strengthening of the RMB exchange rate, first, the support of China's economic fundamentals continues to improve; Second, the U.S. dollar index continued to rise, and non-U.S. currencies, including the renminbi, showed an appreciation trend; Third, international investors are optimistic about the prospects of China's economy and RMB assets, and foreign capital continues to flow into China's capital market, driving the appreciation of RMB.

The improvement in China's economic fundamentals can be felt in the latest economic data. According to the August economic data released by the National Bureau of Statistics on September 15, a number of key indicators such as consumption turned from negative to positive for the first time this year.

Specifically, the total retail sales of consumer goods in August increased year-on-year, the first positive growth this year; From January to August, the added value of industrial enterprises above designated size increased year-on-year, and the growth rate turned from negative to positive; From January to August, the cumulative growth rate of the year achieved positive growth for the first time; From January to August, the sales of commercial housing increased, and it also turned positive for the first time.

What is the impact of a sharp appreciation of the RMB?

For ordinary people, the appreciation of the renminbi means that the money in hand is more valuable, and it will be more cost-effective if you travel, study abroad, and shop abroad. Because of the same money, you get more dollars in exchange, and you can buy more goods and services.

Exchange $100,000 to save more than $30,000.

It can be simply calculated: on May 29, the central parity of the RMB exchange rate against the US dollar was.

1316, on September 16. From to.

7825, if the exchange of 100,000 US dollars, it was needed 10,000 yuan at that time, but today it only needs 10,000 yuan, which can save 10,000 yuan.

Wen Bin said that for residents, the appreciation of the renminbi is conducive to overseas tourism, overseas shopping, and studying abroad, reducing overseas consumption costs, and increasing consumer welfare. At the same time, international investors are optimistic about China's capital market, and the continuous net inflow of international funds will also help domestic residents hold RMB assets and maintain sustained and stable income from assets.

Good for imports, bad for exports.

For enterprises, the strengthening of the RMB against the US dollar is good for import enterprises, and it will bring certain pressure to export enterprises.

From the perspective of import enterprises, because of the appreciation of the RMB, especially not only against the US dollar, but also against a basket of currencies, it will reduce procurement costs and increase profits.