The US dollar demand brought by the expected US economic recovery also drives the expected income of US dollar wealth management products to climb. Most of the US dollar wealth management products within one year are around 3%, but the income of US dollar wealth management products launched by CITIC, Xingye and other banks has improved significantly. The annualized reference net yield of "Tian Tian wan huitong Foreign Currency 20 14 issue V B" issued by Industrial Bank is 5. 1%, while this product was only 4. 1% at the beginning of 20 14.
In addition, since February 27th, China Merchants Bank is issuing a series of US dollar wealth management products with a term of 174 days, with an expected annualized rate of return of 3.25%. The starting point for subscription is $8,000. However, the annualized income of the one-year dollar peace-of-mind return wealth management products issued in the same period of 20 13 is 1.75%.
Financial planners in the industry believe that the change of annualized rate of return may be a short-term fluctuation, but it may also indicate the bank's expectation that the RMB exchange rate will continue to fall. This expectation will only have an impact on those who need US dollars. That is to say, families with members studying abroad during the year can consider buying US dollar wealth management products.
If house prices are affected, assets will shrink.
Many behaviors in the economic field look at expectations. If the expectation of RMB depreciation is formed, it may affect more and more people's investment decisions and may be transmitted to the real estate market. China people are used to RMB appreciation. Since 2005, RMB has been exchanged from 8 yuan dollar to 1 USD, and gradually appreciated from 6 yuan dollar to 1 USD. On the surface, this is just a number game, but in today's globalization, the change of this number involves the interests of many people.
Due to the difference of assets and industries, the depreciation of RMB will shrink some people's assets and benefit some people at the same time. First and foremost, people who own real estate. There is a "coincidence": the RMB has appreciated for nine consecutive years, and the real estate price in China has also risen for nine consecutive years.
The pressure on outbound travel and study abroad has increased.
In a short period of one and a half months, you have to pay more RMB 260 yuan to change it into $65,438+00,000. The renminbi continued to weaken in late February. Last Friday, the spot exchange rate of the US dollar against RMB once reached 6. 1808, plummeting more than 500 points, basically exhausting the increase of RMB since the second half of 20 13.
The sharp depreciation of RMB means that the cost of studying abroad and traveling will face greater pressure; In terms of financial management, it is true that the expected income of US dollar financial products has increased. However, some financial planners said that citizens who have no experience in foreign exchange investment should not rashly switch to dollars.
In addition, the depreciation of the renminbi means that the cost of tour groups will increase, and the tour fees that tourists need to pay will also increase. The scheme and price of overseas travel routes were designed two or three months ago and have not been adjusted yet. However, when travelers spend money abroad, they will obviously feel that "money can't stand spending."
Studying abroad also has a great influence. If overseas student Su needs his father in China to remit US$ 65,438+0,000, according to yesterday's median price of 6. 1 190, Su's father needs to remit RMB 6 1 190. And if Sue's father remits money before 65438+ 10/4, he only needs to remit 60930 yuan, which can save 260 yuan. If Sue spends 50,000 dollars a year, she can save 65,438 dollars+0,300 dollars.