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Foreign exchange reserves refer to the foreign convertible currencies held by a country's monetary authority that can be used for external payments. Not all national currencies can act as international reserve assets, only those currencies that occupy an important position in the international monetary system and are freely convertible to other reserve assets can act as international reserve assets. The foreign exchange reserves often used by China and other countries in the world in foreign affairs and international settlements mainly include US dollars, euros, Japanese yen, British pounds, etc.
A certain amount of foreign exchange reserves is an important means for a country to carry out economic adjustment and achieve internal and external balance. When there is a deficit in the balance of payments, the use of foreign exchange reserves can promote the balance of payments; When there is an imbalance in the domestic macroeconomy and the aggregate demand is greater than the aggregate supply, foreign exchange can be used to organize imports, so as to adjust the relationship between the aggregate supply and the aggregate demand and promote the macroeconomic balance. At the same time, when the exchange rate fluctuates, foreign exchange reserves can be used to intervene in the exchange rate to stabilize it.
Therefore, foreign exchange reserves are an indispensable means of achieving economic equilibrium and stability, especially when economic globalization continues to develop and one country's economy is more vulnerable to the economic influence of other countries.
Generally speaking, the increase of foreign exchange reserves can not only enhance the ability of macroeconomic regulation and control, but also help to maintain the credibility of the country and enterprises in the world, help to expand the international market, attract foreign investment, reduce the financing cost of domestic enterprises, and prevent and resolve international financial risks. Of course, this is not to say that more foreign exchange reserves are better, because there is a price to be paid for holding foreign exchange reserves. First, foreign exchange reserves are represented by the holding of financial claims denominated in a foreign currency, rather than being used in domestic production.
This creates the opportunity cost problem, whereby if the monetary authority does not hold reserves, these reserve assets can be used to import goods and services, increase the real resources of production, and thus increase employment and national income, while holding reserves gives up this benefit. Therefore, the opportunity cost of holding foreign exchange reserves should be considered. Second, the increase in foreign exchange reserves should correspondingly expand the amount of money, if the foreign exchange reserves are too large, it will increase the pressure of inflation and increase the difficulty of monetary policy.
In addition, if you hold too much foreign exchange reserves, you may also suffer losses due to the depreciation of foreign currency exchange rates. Therefore, foreign exchange reserves should be kept at a moderate level.
The appropriate level of foreign exchange reserves depends on a variety of factors, such as the status of imports and exports, the size of external debt, and the actual utilization of foreign capital. Foreign exchange reserves should be kept at an appropriate level based on the benefits of holding them, the comparison of costs and the situation in these areas.
At present, China's foreign exchange reserves do not include Hong Kong and Macau, which are calculated separately.
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Summary. The following is my question for you [China export settlement in US dollars or RMB]: <> dear, hello!
China's export settlement depends on the situation of US dollars or RMB, if your company exports directly, then, you receive basically US dollars. If you export through a foreign trade company, the importer in the United States and the foreign trade company in China settle the payment in US dollars, but the foreign exchange settlement action is generally done by the foreign trade company, for your company, it is no different from selling things in China, receiving RMB.
The following is my question for you [China export settlement in US dollars or RMB]: <> dear, hello! China's export settlement depends on the situation of US dollars or RMB, if your company exports directly, then, you receive basically US dollars.
If you export through a foreign trade company, the importer in the United States and China's foreign trade silver key company use US dollars to settle the goods, but the foreign exchange settlement action is generally done by the foreign trade company, for your company, it is no different from selling things in China, collecting RMB.
Export, simply put, refers to the finished products produced by the enterprise from the country to other countries or regions to receive foreign exchange.
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For export sales, the customs declaration is RMB, and the foreign exchange can be in US dollars.
Hello, dear, I am glad to answer for you according to my inquiry about export sales, customs declaration is RMB, can the foreign exchange collection be US dollars, the first hungry sales, customs declaration is RMB, can the foreign exchange collection be US dollars, is the settlement of the company's export products settled in RMB or US dollars? In the face of the current market exchange rate fluctuations, how does the company respond? Secretary of the Board of Directors (Fujing Technology (,.)
The company's export business is mainly settled in US dollars, some in other currencies such as euros, the company's business has the characteristics of small batches and multiple batches, mainly negotiating the exchange rate with the bank and simplifying the timely settlement of foreign exchange to avoid the risk of exchange rate fluctuations. Thank you! I'm glad to help you, and I wish you a happy life
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With the continuous development of social economy, in our real life, we will always encounter a variety of problems, especially many netizens should encounter such a problem, that is, export product settlement, in addition to the US dollar, can there be other currencies to settle? In fact, due to the instability of the U.S. dollar system over the years, many countries have begun to gradually use RMB or euros to replace the U.S. dollar for related settlements.
First of all, we have to understand a problem, that is, over the years, with the impact of the epidemic, the financial and economic development of the United States has suffered a huge blow, and it is in this context that the United States has directly printed a lot of dollars to distribute to many citizens in the United States, as well as to build the economy, and the dollar is the world's currency, and the United States is grafting its own dollar risk to other countries, so many countries have been deeply aware that the dollar is unstable. Gradually replace the relevant transactions with RMB or some other related currencies.
For example, when Iran and our country conduct oil transactions, they use the RMB to directly carry out equivalent substitution, and many countries have begun to abandon the US dollar as the currency of export commodities, and we are familiar with Russia when conducting relevant transactions with European countries, it also uses the euro or Russia's local currency to carry out the relevant equivalent exchange, so we can clearly see that many countries have slowly gotten rid of the control of the US dollar and are giving up the use of the US dollar.
To sum up, we can clearly know that most of the current export commodities are still in US dollars, but with the continuous development of the national economy, many countries have begun to use RMB or their own currencies to settle the relevant currencies, or export commodities.
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Yes, as long as there is no problem between the two parties, then other currencies can also be used, and this will not cause any impact.
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OK. However, there are still restrictions on the use of this, some countries support some other currencies, and some countries do not.
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Of course, other currencies can be used, as long as they meet local requirements.
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The cost of export dollars refers to the ratio of the total export cost of a commodity (RMB) to the net foreign exchange income (USD) from the export sales of the commodity. By calculating the total cost of how many RMB is needed for one dollar of export revenue of the commodity, that is, how many yuan is exchanged for one dollar.
It is calculated as follows:
Export Dollar Cost Total Export Cost (RMB) Net Foreign Exchange Income from Export Sales (Foreign Exchange) Export Dollar Cost is also an important indicator used to reflect the profit and loss of export commodities. Otherwise, it indicates that the export is profitable.
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1. Total cost of export commodities (after tax refund) = purchase of export commodities ** (including VAT) Fixed expenses - export tax rebate income.
2. Quota fee: the fixed rate of export commodity purchase ** cost (ranging from 5% to 10%, which is approved by each foreign trade company according to the actual experience of different export commodities. Fixed expenses generally include bank interest, salary expenses, post and telecommunications expenses, transportation expenses, storage costs, etc
Export costing**1
terminal fees and other administrative costs).
3. Tax refund income = purchase price of export commodities (including VAT) (1 + VAT rate) Tax refund rate Export profit and loss = (FOB export foreign exchange net bank foreign exchange ** price) - total cost of export commodities (after tax refund.
Connect Q&A.
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Low, let the exchange rate fall, will play a role in promoting exports, restricting imports, the local currency exchange rate is reduced, that is, the ratio of the local currency to the outside world is depreciated, can play a role in promoting exports, inhibiting imports; If the exchange rate of the local currency rises, that is, the ratio of the local currency to the outside world rises, it is conducive to imports and not conducive to exports.
From the point of view of imported consumer goods and raw materials, the decline in the exchange rate will cause the **** of imported goods in the country. The extent to which it affects the general price index depends on the share of imported goods and raw materials in GDP.
On the contrary, all other things being equal, the ** of imports is likely to decrease, and the extent to which it affects the general price index depends on the share of imported goods and raw materials in the gross national product.
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I can't tell you that your things leave the factory, and there must be VAT when you buy raw materials!!
It is equivalent to that your 5 yuan includes VAT, so the 5 yuan at this time should be 5 yuan including VAT, even if:
VAT = price x VAT rate.
Export tax rebate = price x export tax rebate rate.
Then the purchase cost of your goods = tax-included price = price + VAT amount.
Purchase cost = price x (1 + VAT rate).
Price = Purchase cost (1 + VAT rate).
Forget it, you must be confused after talking so much!!
Give you a formula, you can apply it.
a = purchase cost - tax refund income + expense amount + profit amount.
b = 1 - expense ratio based on export ** - sales profit c = RMB exchange rate.
Just divide a b by c!!
Let's look at the expense ratio situation of your product and apply it yourself!
For example: for example, the purchase cost of buying a thing is RMB 5, including 17% VAT, and the tax refund rate is 13%, if the amount of other domestic expenses for exporting the goods is 1 yuan, and there are some tax rates (for example, the bank fee rate, of course, if you don't have it, it will be 0) is 3%, my expected profit margin is 8%, and the exchange rate of the US dollar to the yuan is 1:, so what is the FOB price for me to package abroad??
Answer: First of all, the actual cost = purchase cost - tax refund income.
Calculate what my actual cost is, 5-5 (1+17%) x 13% = yuan) then my export** is = (yuan).
Then divide this xx by the RMB exchange rate!!
That's your external **!!
Don't dare to report too low, or it won't be good if people complain about dumping!!
In the future, I still have to pay more attention!!
Hehehe.
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The depreciation of the local currency > the amount of imports denominated in foreign currencies refers to the amount of foreign goods denominated in foreign currencies that are purchased by CITS Jingnai by effective means of payment in a specific period of time, and the amount is reduced compared with the amount denominated in the same foreign currency in the past. Among them, the depreciation of the local currency mainly takes into account the exchange rate factor of the local currency to foreign currency, which affects the import volume, that is, because of the change in the exchange rate of the local currency, the amount of local currency required will increase, thus affecting the change of the import amount.
Do you have a client in your home country? It's not very clear how you got out, it can't be that you didn't declare it, right? To do the import processing manual, the most critical point is that the import of raw materials is duty-free, how many raw materials are imported, according to the proportion of materials used in the processing manual, you have to export how many finished products, otherwise the problem is serious, if your contract manual is not registered, fine, punish you stupid! >>>More
In 2012, China's foreign trade exports were 100 million US dollars, of which the processing amount was 100 million US dollars. This kind of data can be found on the Internet! Hehe.. You can learn from it.