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Does the decline in the exchange rate of RMB against the US dollar mean RMB appreciation or depreciation? How to reason? The exchange rate of the US dollar against the RMB has fallen.

From: Network Date: April 30, 2022

In the past 10 days, the international gold price reached about $725 per ounce, setting a new high of 17 years, and then fell rapidly. At present, it is around $650/oz, with a drop of more than 10%. Domestic gold prices also fell accordingly, and many investors lost money. Experts believe that the recent decline in gold prices is mainly related to geopolitics and international hotline speculation. Factors affecting the recent gold market: First, the US dollar rebounded last week due to the expectation of raising interest rates, which was largely driven by technical factors. Due to the rebound of the dollar, the precious metals market began to show a general downward correction. The trend of the dollar this week is still an important factor affecting the gold market. Second, oil prices have fallen, and commodity markets have generally fallen sharply. Oil prices were sold by the fund last week, gasoline stocks rose, and the situation in Iran did not deteriorate. The Saudi oil minister said that there was sufficient supply, and high oil prices curbed consumption, prompting crude oil prices to be sold together with other commodities.

A decline in the exchange rate of the US dollar against the RMB means an appreciation of the RMB, while an increase in the exchange rate of the US dollar against the RMB means a depreciation of the RMB. Please adopt!

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What do you mean by the decline in the exchange rate of RMB against the US dollar? -:The decline in the exchange rate of RMB against the US dollar means that RMB depreciates and the US dollar appreciates. The fall of the RMB against the US dollar means the depreciation of the RMB. People in China need to spend more money to buy goods priced in the same dollar. This will curb China's import trade and benefit China's export trade. However, in the long run, the fluctuation of RMB exchange rate is normal. ...

What does it mean for the RMB to fall against the US dollar? -I use the principles of economics and price science to explain. Personal views are for reference only. The specific reasons for the price increase are as follows: 1. The long-term performance of the law of supply and demand is that demand exceeds supply; 2. RMB appreciation, leading to a decrease in exports and an increase in imports; But the current situation is that the exchange rate of RMB against the US dollar has risen by 5% in one year. ...

What does it mean for the RMB to fall against the US dollar? It seems that you have misunderstood that USD/CHY is different from EUR/USD (how many dollars are equal to one euro) in foreign exchange. Generally speaking, the renminbi is not as valuable as the US dollar, and the euro is more valuable than the US dollar. I think you will understand a little, because all the things in the world. ...

Is it a good thing or a bad thing for the renminbi to fall against the dollar? -:It's obviously increased. ...

What does the devaluation of RMB against the US dollar mean? -:The depreciation of RMB against the US dollar means that the exchange rate of RMB against the US dollar is lower. For example, if the exchange rate of USD against RMB is 8.25, then the price of this commodity in the international market is USD 65,438 +02. 12. If the exchange rate of the US dollar rises to 8.50, that is to say, if the US dollar appreciates and the RMB depreciates, the goods will ...

What do you mean by the decline of RMB against the US dollar? -:Nothing. The decline of RMB against the US dollar means the appreciation of RMB. The fall of RMB against USD means that the number of RMB against USD 1 has fallen. I hope my answer is helpful to you.

What does it mean for the RMB to fall against the US dollar? -:For example, yesterday 1 USD =6 RMB, today 1 USD =7 RMB, indicating that the exchange rate of RMB against USD has fallen.

What does it mean for the RMB to fall against the US dollar? The benefits of RMB depreciation to China's economy are also obvious. If the RMB exchange rate enters the depreciation cycle in the future, the pressure on export enterprises will be reduced: the price of export products will be superior, the competitiveness will be enhanced, and the profit rate will also rise. In addition, the depreciation of RMB exchange rate will push up the prices of imported commodities, especially bulk commodities, which will lead to inflation according to the general law. It affects economic stability, but China's economy is in a deflationary channel. The devaluation of RMB will push up people's expectations of inflation and stimulate domestic consumption. Simply put, the decline of RMB against the US dollar means that RMB appreciates and the US dollar depreciates, and the same RMB can be exchanged for more US dollars. Generally speaking, the decline of the local currency exchange rate, that is, the depreciation of the foreign ratio of the local currency, can promote exports and curb imports; If the exchange rate of local currency rises, that is, the ratio of local currency to the outside world rises, which is beneficial to imports and unfavorable to exports.

The exchange rate of RMB against the US dollar has fallen. Why is RMB depreciating?-:This question is meaningless. It is possible to know the size of the exchange rate. Generally, RMB is denominated in USD against USD, such as 7.3rmb= 1usd. The exchange rate rises and the RMB depreciates.

What do you mean by RMB depreciation against the US dollar? The exchange rate policy of RMB is to keep a close eye on the US dollar, that is to say, the exchange rate between RMB and US dollar is stipulated, and the exchange rate between RMB and other currencies is determined according to the exchange rate between US dollar and other currencies. In this case, there is no problem of RMB depreciation against the US dollar; Since July 2, 2005, KLOC-0, China began to implement "market supply". ...

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