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Anonymous users2024-02-08Real exchange rate. If it becomes higher, it will affect the foreign exchange exchange of RMB. For example, if 100 RMB can be exchanged for 100 US dollars, if the actual exchange rate of RMB becomes higher, it is equivalent to 100 RMB can be exchanged for 110 US dollars, and the same RMB can be exchanged for more US dollars, and more foreign products can be bought, which is relatively cheaper.
Further information: The real exchange rate refers to the exchange rate adjusted for the nominal exchange rate, and different adjustment methods correspond to different real exchange rate meanings. It refers to the nominal exchange rate adjusted by the level of the two countries, that is, the relative ** of foreign goods and domestic goods**, which reflects the international competitiveness of domestic goods.
Concept: First, it is expressed by a formula: real exchange rate = nominal exchange rate financial subsidy.
and tax deductions Real exchange rate = nominal exchange rate - inflation rate.
The formula is: s=(s p*) p, where s is the real exchange rate and s is the nominal exchange rate (direct pricing method).
below), p represents the level of the domestic **, and p* represents the level of the foreign **;
The other refers to the de facto exchange rate, the exchange rate after taking into account the impact of the ** policy on the relevant subjects, such as ** subsidies for exports, then for the export enterprises in their own country, the exchange rate (that is, the actual exchange rate) they actually face is: s + the amount of subsidies expressed in the local currency The amount of exports expressed in foreign currency, the meaning of s is the same as above.
Classification: Real exchange rate is relative to the nominal exchange rate, and there are many different definitions of real exchange rate according to different needs.
The first definition is the external real exchange rate;
The second definition is the internal real exchange rate;
The third definition of the real exchange rate is the nominal exchange rate plus or minus fiscal subsidies or tax deductions;
The fourth definition of the real exchange rate is the nominal exchange rate minus the inflation rate;
The fifth definition of the real exchange rate encompasses the labor productivity of the two countries.
Contrast. From the above definitions of real exchange rate, it can be seen that, first, the concept of real exchange rate is very important, but it has many types, representing different theoretical and policy implications, and involves at least two variables, and the policy explainability is more complex;
Second, the policy implications of all definitions of real exchange rates can ultimately be expressed in terms of nominal exchange rates.
To use the real exchange rate, for example;
Let's assume the exchange rate of the RMB against the US dollar.
It is a ten-to-one exchange rate. It costs $3 to buy a Coke in the United States. And in China it costs 40 yuan. Compared to $3 in the United States, Coke in China costs 40 yuan. It is much higher than the general exchange rate value of 3 US dollars, which is 30 yuan.
Therefore, in contrast, the real exchange rate of the RMB is appreciated while the US dollar is depreciated (it should be noted that inflation in a country, the depreciation of paper money, and the unchanged nominal exchange rate will make the real exchange rate of the country's local currency appreciate). The reverse is also true, and this is the real exchange rate"。
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Anonymous users2024-02-07The exchange rate is high, the exchange rate is low, and it is difficult to understand.
I'm assuming that 100 RMB can be exchanged for 100 USD.
If the exchange rate is too high. The equivalent of 100 RMB can be exchanged for 101 US dollars, and you go abroad to buy things.
Vice versa.
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Anonymous users2024-02-06Answer: Buying foreign goods will have an impact on the RMB exchange rate.
Explanation: When domestic residents need to pay foreign currency when buying foreign goods, this requires the exchange of RMB into foreign currency, which leads to an increase in demand. When the demand for RMB increases, the value of RMB will decrease, so the RMB exchange rate will be affected.
Expansion: Changes in the RMB exchange rate are not only affected by the purchase of foreign goods, but also by many other factors, such as policy changes, international **, financial closed-market changes, etc. In addition, changes in the RMB exchange rate will also have an impact on the domestic economy, enterprises, residents, etc.
Therefore, it is necessary to pay attention to the changes in the RMB exchange rate and adjust investment and consumption strategies in a timely manner.
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Anonymous users2024-02-05The import and export of foreign commodities usually requires cross-border ** settlement, in which the exchange rate is a very important indicator of the mill hall. If the RMB exchange rate depreciates, then it will cost more RMB to buy the same amount of foreign currency, which means that it will cost more RMB to buy the same amount of goods. In the same way, foreign buyers need to pay in foreign currency to buy Chinese goods, and if the RMB exchange rate appreciates, then the amount of RMB needed to buy Chinese goods in the same amount of foreign currency will be reduced, which will be more attractive to foreign buyers to buy Chinese goods.
Therefore, the change of the high concealment rate of the exchange bureau has a very important impact on the international market.
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