Analysis of the reasons for the change in the exchange rate of RMB against the US dollar

The main factors affecting exchange rate fluctuations are the following six points:

First: the balance of payments: the balance of foreign trade plays a decisive role in the exchange rate changes. In the case of a foreign trade surplus, the exchange rate of the local currency rises; On the contrary, it is **. The balance of foreign trade directly affects the supply and demand of foreign exchange.

Second: inflation: it is not only directly related to the value and purchasing power of the actual representation of the currency itself, but also related to the external competitiveness of commodities and the psychological impact on the foreign exchange market. Inflation slows down, and the local currency exchange rate increases**; The opposite is true**.

Third, the impact of interest rate level on capital flow: under certain conditions, high interest rate level can attract international short-term capital inflow and increase the local currency exchange rate; Low interest rates are the opposite. The strengthening of the dollar in the first half of the 80s was a result of the high interest rate policy in the United States.

Fourth: the exchange rate policy of each country: although the exchange rate policy cannot change the basic trend of the exchange rate, but according to the trend of the national currency, a country further takes measures to aggravate the exchange rate of the local currency, and its role cannot be underestimated.

Fifth: Speculation: especially foreign exchange speculation of multinational corporations. Sometimes it can cause the exchange rate to fluctuate more than expected by a reasonable range.

Sixth: Political events: major international political events also have a significant impact on the change of exchange rates.

The relationship between the above factors is intricate: sometimes various factors will work together at the same time; Sometimes individual factors come into play; Sometimes the effects of the factors cancel each other out; Sometimes the main role of one factor is suddenly replaced by another.

Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly. On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan. Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly.

On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan. Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly. On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan.

Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly. On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan. Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly.

On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan. Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly. On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan.

Recently, the exchange rate of the US dollar against the yuan has fluctuated greatly. On November 7, 2022, the central parity of the RMB exchange rate against the US dollar was quoted in yuan.

With the development of the economy, the exchange rate of the U.S. dollar in China is getting lower and lower, because the overall level of our country has increased significantly.

Further information: The exchange rate (also known as foreign exchange rate, foreign exchange rate or foreign exchange market) The exchange rate between two currencies can also be regarded as the value of one country's currency against another. The exchange rate, in turn, is a financial means used by various countries to achieve their political goals.

The exchange rate will fluctuate due to interest rates, inflation, the politics of the country, and the economy of each country. The exchange rate is determined by the foreign exchange market. The foreign exchange market is open to different types of buyers and sellers for extensive and continuous currency trading (foreign exchange trading is conducted 24 hours a day except weekends, i.e. from 8:0 GMT on Sunday

15 to Friday 22:00 GMT. The spot rate refers to the current exchange rate, while the forward rate refers to the exchange rate at which the transaction is made at the current price but is paid at a specific date in the future).

The rise and fall of a country's foreign exchange market will have an impact on import and export, economic structure, production layout, etc. The exchange rate is the most important adjustment lever in the world, and the decline in the exchange rate can play a role in promoting exports and suppressing imports.

For example, if a commodity worth 100 yuan is indirectly denominated for the exchange rate of RMB against the US dollar), then the ** of this commodity in the United States is the US dollar. If the exchange rate of the RMB against the US dollar falls, that is, the US dollar appreciates and the RMB depreciates, you can buy this commodity with less US dollars, and the ** of this commodity in the United States is the US dollar. Therefore, the ** of the commodity in the US market will become lower.

The ** of the commodity is reduced, the competitiveness becomes higher, and it is cheap and easy to sell. On the contrary, if the exchange rate of RMB against the US dollar rises, that is to say, the US dollar depreciates, after the appreciation of the RMB, the ** of this commodity in the US market is the US dollar, and the US dollar ** of this commodity becomes more expensive, and there will be less to buy.