20 1 February 2, 5 The RMB exchange rate continued its downward trend since June this year1. The spot exchange rate of RMB against the US dollar fell below the integer mark of 6.26 in early trading, the lowest level since 2065438+May 29th, 2004. The spot exchange rate of RMB hit a low of 6.2603, with a discount rate of 1.984% compared with the median price of 6. 1.385. In the past six trading days, 5 trading days were close to the 2% limit.
According to the latest data of China Foreign Exchange Trading Center, the central parity rate of RMB against the US dollar was reported at 6. 1385 on the 2nd, which was 15 basis points lower than the previous trading day and the lowest since 65,438+on February 4th last year.
On June 5438+ 10, the central parity of RMB against the US dollar fell by 0.29%. In the last week of June 5438+ 10, the spot exchange rate of RMB approached the daily limit level for four consecutive trading days. On June 5438- 10, the spot exchange rate of RMB against the US dollar fell by 0.75%, falling for the third consecutive month.
It is not the first time that the RMB has fluctuated so violently. As early as the first quarter of last year and the end of last year, the RMB exchange rate experienced similar fluctuations. In view of the first annual depreciation of RMB against the US dollar in 20 14, this has triggered speculation on whether RMB will turn into the depreciation channel.
2065438+March 2, 2005, the spot price of RMB against the US dollar hit a 29-month low, and the median price continued to fall to a 4-month low. Traders said that the central bank's interest rate cut increased the pressure of RMB depreciation, but today's central parity weakened less than expected, which also limited the fluctuation range of spot trading and continued to fluctuate within a narrow range near the daily limit.
At the close, the RMB against the US dollar closed at 6.2730 yuan, down 34 basis points, the lowest since 20121kloc-0/1day, and closed at 6.2696 yuan last Friday.