Why is the appreciation of the renminbi continuing during this period?

The reason why the RMB will appreciate is that the price of goods has risen, and all the houses and the like are relatively high, so naturally the RMB will appreciate, and there is no way.

Because China has done a relatively good job in epidemic prevention and control, effectively preventing the spread of the epidemic, so that economic development is not greatly affected by the epidemic, the value of the renminbi will naturally increase.

Because the appreciation of the renminbi is because the renminbi is strong, the improvement of China's material base economic situation has caused the appreciation of the renminbi

Because China's economy is developing at a high speed, and now that the country is rich and the people are strong, and it is in a leading position in the world, the renminbi will appreciate.

For example, maybe it's not appropriate, but it's a fool's errand. Now there are ten more steamed buns, one yuan each, after a period of time, the steamed buns are still ten, the money has become twenty yuan, and now it costs two yuan to buy one steamed bun. In a word, there are fewer things and more money, so the value appreciates.

Why is the renminbi appreciating? Since the U.S. dollar is the world's currency, in the case of the epidemic, the United States has unlimited watermarks to make U.S. dollars, resulting in the depreciation of the U.S. dollar, so the renminbi has naturally appreciated.

This is based on the yuan, the economic situation of the country.

and is compared to the world's major currencies.

The better your country's economic situation, of course.

The currency used will appreciate, and conversely, the worse the economic situation will be.

Then, the currency will depreciate.

The dollar is so strong, because it is American-style, the economy is relatively large, and it is maintained by the US military, and the hegemony of the dollar.

There are gangs, right?

The appreciation of the renmin currency is relative, and the world's currency exchange is generally dominated by the US dollar. To put it simply, the U.S. dollar has been depreciating lately, so the renminbi is appreciating relatively.

From the perspective of economic development, saving money instead of spending it will reduce the efficiency of economic and social operation and is not conducive to economic development. In a micro-inflationary environment, saving money means suffering the loss of currency depreciation, and everyone's willingness to spend is higher. Enterprises expect that the product will be more frequent, and investment and production activities will be more frequent, so that the economy will have.

The quality is very good, exactly as described by the seller, very satisfied, really liked, completely exceeded expectations, the delivery was very fast, the packaging was very careful and strict, the logistics company had a good service attitude and delivery.

In the short term, the renminbi will continue to appreciate; In the medium and long term, with the further marketization of the RMB formation mechanism, the RMB exchange rate will maintain two-way fluctuations at a reasonable equilibrium level

The data shows that the central parity of the renminbi against the US dollar has risen to a high level of more than a year. The People's Bank of China authorized the China Foreign Exchange Trade System to announce that the central parity of the RMB exchange rate in the interbank foreign exchange market on September 2, 2020 was 1 US dollar to RMB yuan, an increase of 122 basis points from the previous trading day.

The central parity of the RMB exchange rate against the US dollar has risen for 7 consecutive days, hitting a new high since May 14, 2019.

For the trend of the RMB exchange rate in the next stage, Wen Bin, chief researcher of China Minsheng Bank, analyzed that in the short term, because China's economy continues to rebound, international investors are optimistic about the capital market, and foreign capital continues to flow in, these factors are expected to further promote the appreciation of the RMB. However, in the medium to long term, with the further marketization of the RMB formation mechanism, the RMB exchange rate will maintain two-way fluctuations at a reasonable equilibrium level.

At present, the renminbi will rise against the U.S. dollar until the end of this year, and at the end of the United States, one U.S. dollar can be exchanged for yuan, and it is estimated that by the end of the year, one U.S. dollar can be exchanged for yuan. As for whether I will think about it next year, I can't say. It depends on whether the new ** of the United States can lead the United States to fight the epidemic successfully and lead the American economy out of the trough.

The continuous appreciation of the renminbi in the international market is a manifestation of the market's optimism about the renminbi, indicating that the renminbi is still quite strong at present.

At this stage, appreciation is normal, because in the current context, many countries or regions have not been able to effectively contain it, and all countries are struggling to cope, so it is normal for the domestic economy to be sluggish.

And we have long been effective in containing its posture on a national scale, and some experts **, the United States and other Western countries will continue to stagnate or even push backwards, while we are already returning to positive growth. Therefore, if it continues according to the current state, it may rise for a while.