Is the increase in the exchange rate a corresponding depreciation of the renminbi, and is it benefic

The exchange rate increased, and the renminbi appreciated. The appreciation of the renminbi is not good for exports.

Impact on imports and exports.

The appreciation of the renminbi will expand the demand of domestic consumers for imported products, reduce the burden of imported energy and raw materials, and increase imports. Because for the appreciation of the renminbi makes imported goods cheaper at home, increasing the purchasing power of the renminbi. The most obvious change brought by the appreciation of the renminbi to domestic consumers is that the renminbi in their hands is "more valuable".

If you study or travel abroad, it will cost less money than before; If you buy imported cars or other imported goods, you will find that their ** has become "cheaper"; For companies that rely on imported energy or raw materials, it will reduce the import of wood. China is a resource-deficient country, and in the case of international energy and raw materials, domestic enterprises are bound to bear more and more heavy burdens. In 2009, the average price of refined oil imported by China was 30 compared with 2003

8% steel and copper 504%, iron ore ** more than 1 times. The import of energy and raw materials will not only raise the profits of the entire basic means of production, but also eat up the profits of enterprises in the industrial chain, so that their profitability will decline or even lose.

The appreciation of the renminbi can reduce the burden of China's imported energy and raw materials, so that domestic enterprises can reduce their competitiveness and enhance their competitiveness.

A stronger renminbi will dampen export growth and weaken the competitiveness of Chinese goods in the international market. In order to maintain a certain profit, export enterprises must improve the international market, which will weaken the competitive advantage of China's export commodities If the international market remains unchanged, the profits of export enterprises will fall, which will affect the enthusiasm of export enterprises. As a developing country, China is based on the manufacturing industry, and this structure is highly vulnerable to changes in the exchange rate level.

From the perspective of the division of production factors, China, as a developing country, has the advantage of low labor costs. As a labor-intensive Chinese enterprise, the products produced are not of high grade and low value-added content, and the appreciation of the renminbi has led to a corresponding increase in the production of timber and labor force by exporters. Therefore, the appreciation of the renminbi will inevitably affect the export of Chinese products and their competitiveness in the international market.

However, for export enterprises (ij, it is also necessary to analyze the specific situation. For those enterprises that import raw materials and process them for re-export, the impact of RMB appreciation on them is very limited, because after all, the import link has saved money. It should be pointed out that from the perspective of the prospect of RMB exchange rate adjustment, enterprises with conditions should adhere to the strategy of "going out" in the future, and the appreciation of RMB has provided a monetary basis for enterprises' foreign investment, and making full use of such a monetary base will help enterprises succeed in their future operations.

Look at who said it.

For the renminbi, an increase in the exchange rate of the renminbi against the US dollar is an appreciation of the renminbi.

For example, the exchange rate of the US dollar against the yuan was 1:8, and assumed that it rose to 1:4 later, that is, 1 yuan = US dollar before, and now 1 yuan = US dollar).

In the past, a certain commodity required 80 yuan, and the export ** was 10 US dollars, and after the appreciation of the RMB, the domestic **80 yuan remained unchanged, and the export ** became 20 US dollars, which is equivalent to the price of the commodity. Rising prices will, of course, lead to a decrease in demand (with the exception of Giffen goods) and are therefore bad for exports.

The RMB exchange rate has depreciated sharply, and the response is as follows.

The most direct impact of the adjustment of foreign exchange reserves is to increase or lower the foreign exchange reserves of commercial banks, and then reduce or increase foreign exchange**. If the depreciation of the renminbi is too large, the foreign exchange reserves can be reduced, the foreign exchange can be increased, and the corresponding reverse adjustment measures can be taken to effectively curb the depreciation momentum of the renminbi.

The monetary authority has already announced a reduction in reserves from 9% to 8%, and this time the monetary authority adjustment has given a clear policy signal to those who bet unilaterally, suggesting that they will take steps to maintain the basic stability of the yuan.

If the foreign exchange risk reserve ratio is raised, it will lead to an increase in forward transaction costs, which will increase the cost of shorting in foreign exchange transactions, thereby easing the pressure on the depreciation of the RMB. In 2015 and 2018, ** banks increased the foreign exchange risk reserve ratio for forward foreign exchange settlement business to 20%, thereby curbing the pro-cyclical effect of forward foreign exchange sales by enterprises.

The central bank also subsequently announced the reduction of the foreign exchange risk reserve ratio, which is equivalent to increasing liquidity to the market, so it can ease the depreciation pressure on the US dollar, so that the exchange rate of the RMB against the US dollar remains basically stable at a relatively balanced level.

Following this news, the CNH quickly gained 200 basis points against the US dollar at a key position and broke through.

Commercial banks use swap transactions to obtain US dollars from ** banks and then sell them in the spot market to adjust the supply and demand of money and maintain the stability of money.

This practice was adopted during the "exchange rate reform" in 2015, and the sharply depreciated renminbi was stabilized, although there is no clear policy, but traces of this practice can be seen in direct and consignment remittance data.

First of all, we should maintain a good attitude, and then wait for the macro control of the relevant departments, and then avoid investment and purchase in a short period of time, so as to cope.

The first point is that the best way to have a serious depreciation is to pay attention to the changes in the economy as a whole, and the second point is that if you want to deal with it, you need to take a lot of measures and implement it slowly, and the third point is that you should have corresponding countermeasures.

You can buy financial products, buy **, ensure your own interests, get effective protection, you can also start a business to do some good projects, so that the overall cost of entrepreneurship is relatively low, you can exchange it for foreign currency to manage money, and you should consider it according to your own situation to make corresponding treatment.

In the financial market, there are two forms of exchange rate expression, one is direct pricing, which is expressed in terms of how much foreign currency is converted into local currency, and the other is indirect pricing, which is expressed in how many foreign currencies are converted into units of local currency. The vast majority of countries in the world (including China) use the direct pricing method, so it is not specifically stated that it refers to the direct pricing method.

The word exchange rate can be understood as **, under the direct pricing method (such as China), 1 US dollar = RMB, when it becomes 1 US dollar = 8 RMB, this is the exchange rate (**) rises, which is obviously the depreciation of RMB, in other words, the decline of RMB ** (exchange rate). Therefore, under the direct pricing method, if the foreign exchange rate rises, the local currency exchange rate falls; Foreign exchange rates fell.

It is the rise in the exchange rate of the local currency.

The situation you are talking about is an increase in the exchange rate of the local currency (i.e., an increase in the exchange rate of the national currency), an increase in the value of the local currency, and a depreciation of the foreign currency, which is a decrease in the exchange rate under the direct pricing method.

Is <> depreciation of the renminbi better for exports or imports? The depreciation of the renminbi is, of course, beneficial to exports. How so?

Because the depreciation of the renminbi means that the renminbi is not very valuable, the foreign currency will be quite expensive, and foreign friends will become cheaper to buy things in our country. For us, it is the convenience of exporting goods. On the contrary, it is not conducive to our imports, the RMB is not valuable, we need more RMB to buy goods abroad, and the expensive things are not conducive to imports.

Imports will decrease, and the profits of import-oriented enterprises will decrease: when importing goods, they must first convert Renmin Prefecture currency into foreign currencies such as US dollars at the bank, and then purchase goods from abroad. After the depreciation of the renminbi, the same renminbi will be exchanged for fewer dollars and the amount of goods purchased will be less, resulting in an increase in import costs and a decrease in the competitiveness of imported goods.

As we all know, the depreciation of the RMB means that the foreign currency appreciates, and for foreign escorts, they can buy a lot of our goods with the same **, which is conducive to our exports. At the same time, the depreciation will bring a ** surplus, which is not good for importers, because the cost of payment will increase. The cost of traveling and studying abroad has also increased.

The depreciation of the RMB may also lead to the outflow of foreign capital or China's funds, which is conducive to bearish**.

Hello, the depreciation of the RMB exchange rate is also called the depreciation of the RMB, and the depreciation of the currency is conducive to exports. Because when a country's currency depreciates, it means that the value of the country's things will be lower, that is, the foreign currency will be more valuable; Then the foreigners of the Quiet tribe will feel that it is very cheap to buy the goods of the country, so it is conducive to the disadvantages.

The RMB exchange rate has entered a period of continuous depreciation, which has a certain impact on our appearance and our daily life consumption, from two dimensions, the depreciation of RMB has a certain role in promoting China's foreign exchange, after all, there can be a large number of foreign capital will choose to live in China to invest, it is a good opportunity to attract investment.

However, from another level, the depreciation of the RMB for our domestic people, consumption will encounter certain problems, that is, after the depreciation of the RMB, our prices continue to rise, and the per capita income of residents is only maintained within the average value, coupled with the impact of the epidemic, there will be a small adjustment of goods in some areas. After the depreciation of the renminbi, prices have not followed the depreciation rate of the renminbi and have declined, and at this time, the consumption power in the market will be weakened to a certain extent, which will have a certain restrictive effect on China's economic development.

Of course, the depreciation of the renminbi is also good for some industries to some extent. After the depreciation of the RMB, our financial industry ushered in a new spring, due to the depreciation of the RMB, people hope that their own funds will circulate in order to create greater wealth.

In general, the depreciation of the renminbi is not of great benefit to our country's consumption and exports, of course, there are pros and cons of both sides, there are disadvantages, the depreciation of the renminbi can promote the development of China's investment market to a certain extent, and can also promote imports, helping our country attract investment. However, it is expected that the depreciation of the renminbi is only a policy adjustment, and will not maintain a state for a long time.

The depreciation of the renminbi will affect the country's import and export, for some enterprises that mainly do import business, profits may decline, for some enterprises that mainly do export business, profits will increase, and the depreciation of the renminbi will also have an impact on employment, because there are fewer opportunities for imports, the competition of domestic goods will decrease, then sales will also increase, so it can create more jobs, the import cost of some commodities will increase, which will lead to the production of domestic goods or items for living consumption, **will** , some foreign-funded enterprises will run away, which will eventually lead to ** and real estate **, and for some people who want to study abroad, their cost of going abroad will also increase.

The advantage is that it can stimulate foreign trade and also promote exports, and the profits from exports will also participate, and it will also attract foreigners to travel and consume in China, which can promote the development of services and tourism industries. The disadvantage is that the price ** leads to inflation, the capital may outflow, the market is unstable, the imported goods ** will rise, the price **, and then the cost of the industry will increase.

The advantage is that it can increase the profit of exports, and it can also attract foreign trade, attract foreigners to travel to China, and promote the development of tourism. The disadvantage is that it is easy to lead to prices, financial market instability, imported goods will increase in price, and the cost of enterprises will increase.

in the direct pricing method.

, exchange rate depreciation = exchange rate increase = currency depreciation.

The exchange rate is expressed directly and indirectly, and the direct price is expressed in the local currency of the unit of foreign currency, and the vast majority of countries in the world use the direct pricing method, and China is the direct pricing method.

As far as the concept of exchange rate is concerned, one currency represents the ** of another currency, which is just a number. For example, 1 US dollar = 7 RMB, 7 is the exchange rate, also known as the foreign exchange rate, 7 becomes 8 is the exchange rate rises, under the direct pricing method, the exchange rate rises = exchange rate depreciation = local currency depreciation.