1, which can reduce the foreign exchange risk of foreign trade enterprises. Most of China's import and export trade is settled in dollars or euros, and the risk of exchange rate fluctuation is mainly borne by domestic enterprises. Because the change of exchange rate really makes it difficult for export enterprises to predict, the income of enterprises receiving foreign orders is often lost because of exchange rate fluctuations. Since the RMB peg was abandoned in 2005, the cumulative appreciation of RMB has reached about 20%. The appreciation of RMB and the relative depreciation of USD and EUR have caused a large number of export enterprises to suffer losses, and the drastic fluctuation of exchange rate has made many foreign trade enterprises afraid to take orders. After the trial use of RMB as the international settlement currency, the exchange rate risks borne by foreign trade enterprises and trading partners in the surrounding areas who use RMB for international settlement can be largely eliminated, which should be a great benefit to export enterprises.

2. Reduce settlement costs and promote enterprise export. Settlement in RMB can also save exchange costs and trade financing costs for enterprises, thus reducing financial costs. Reducing foreign exchange will also reduce settlement links, which will help improve the efficiency of fund settlement, speed up capital turnover and lock in profit margins more easily. According to relevant data, for export enterprises, RMB settlement can save about 3%-5% of the cost. At the same time, RMB settlement will also reduce the pricing cost caused by exchange rate changes, and foreign trade enterprises can lock prices at one time in trade negotiations.

3. it has a great influence on long, thin and profitable. Generally speaking, the longer the time span from contract signing to actual performance, the greater the exchange rate risk, and RMB cross-border trade settlement is more popular in this kind of industry. Generally speaking, there are two reasons for the long performance of the contract. First, the production cycle of products is objectively long, such as ships, machinery and equipment; The other is long-term multi-batch orders, which are more common in old customers with long-term cooperative relations. On the other hand, low value-added products at the low end of the value chain may break through the break-even point because of their meager profits and little quotation space. Labor-intensive textile products and consumer goods mostly belong to this category, and for products with high profit margins, small changes in exchange rates will not lead to losses.