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What does cfets RMB exchange rate index mean?
On the evening of 20151211,the foreign exchange trading center officially released the CFETS RMB exchange rate index. According to the calculation of foreign exchange trading center, the RMB exchange rate index of CFETS 2015438+065438+1October 30th was 102.93, up 2.93% from the end of 20 14. CFETS RMB exchange rate index refers to the currency basket of CFETS, specifically including RMB-to-foreign exchange trading currencies listed in China Foreign Exchange Trading Center. The weight of sample currency is calculated by the trade weight method considering entrepot trade. The sample currency price is the central parity of RMB foreign exchange rate and the transaction reference price on that day. "China Foreign Exchange Trading Center regularly publishes CFETS RMB exchange rate index, which helps to guide the market to change the habit of paying attention to the bilateral exchange rate of RMB against the US dollar in the past, and gradually take the effective exchange rate calculated with reference to a basket of currencies as the main frame of reference for the RMB exchange rate level, which is conducive to maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level.