I. Swiss franc
The Swiss franc is the legal tender of Switzerland and Liechtenstein and is issued by the Swiss Central Bank. Swiss franc is hard currency. Most of Switzerland's neighbors use the euro. Switzerland also has shops and institutions that use the euro. From 20 15, 15, 15, the Swiss franc was decoupled from the euro. The banknotes of 1000, 200, 100, 50, 20 and 10 were issued. Currency code: Swiss franc. There is a certain correlation between the euro and the Swiss franc. Similar to the euro, the Swiss franc fluctuates slightly at any time, with an average daily fluctuation of 35 basis points. Swiss francs are often traded in London.
Second, the advantages and disadvantages of RMB appreciation and depreciation
Benefits of RMB appreciation: China's purchasing power will increase, and the same RMB can buy more foreign goods. Reducing the price of imported raw materials is helpful to reduce costs and improve the competitiveness of enterprises. The adverse effect of RMB appreciation: the corresponding loss of national foreign exchange reserves; The appreciation of RMB will lead to an increase in imports and reduce China's trade deficit.
2. Benefits of RMB depreciation: After RMB depreciation, the dollars received from exporting the same goods can be exchanged from banks for more RMB, and the profits will increase. It can promote the development of foreign tourism. Increase employment, stimulate consumption and stimulate domestic demand. Adverse effects of RMB depreciation: the stock market, property market, overseas travel, overseas shopping, study abroad and other industries or investors will be damaged. It has a bad influence on studying abroad, traveling and shopping.
Any economy will cause periodic fluctuations due to a series of internal and external reasons, that is, business cycle. Economic experience in different periods will exert upward and downward pressure on prices to varying degrees. Because this kind of fluctuation is inevitable, another main task of monetary policy is to use the medium-and long-term effectiveness of monetary policy as much as possible to smooth the fluctuation of economic cycle.