20 16 RMB exchange rate trend, RMB internationalization, US dollar strength and external environment have become the key words of annual RMB exchange rate changes. After the Spring Festival of 20 16, as the US dollar index began to weaken, the exchange rate of RMB against the US dollar showed a two-way floating trend, and the fluctuation range increased significantly. Since March 2065438+2006, the US dollar index has been weakening, which has won a rare window for RMB exchange rate stabilization.
Since 2065438+May 2006, influenced by risk aversion and the Fed's expectation of raising interest rates in summer, the US dollar rebounded sharply, and the exchange rate of RMB against the US dollar began to fluctuate downward. On June 24, after the results of the referendum on Britain's withdrawal from the EU were announced, the US dollar index once rose to 96.7, with an increase of 3.7% that day. As a result, the exchange rate of RMB against the US dollar fell accordingly.
However, from 2065438 to July 2006, the exchange rate of RMB against the US dollar rebounded slightly. Since July 6th, the exchange rate of RMB against the US dollar fluctuated slightly in the range of 6.68-6.70, and then began to rebound in July 19. The central parity rate of RMB against the US dollar, onshore spot exchange rate and offshore spot exchange rate closed at 6.6594, 6. 19 and 6.6626 respectively on August 9.
The market generally believes that this is the "competitive" operation of the central bank at the RMB 6.7 mark. The RMB "double appreciation" against the US dollar and basket currencies. The central bank first switched to the operation of "less depreciation and more appreciation" of the central parity of RMB against the US dollar, which made the CFETS index rise slightly.
From August 2065438 to now, under the interweaving influence of the second quarter GDP growth rate of the US dollar far less than expected and the non-agricultural data far better than expected, the RMB once again returned to the downward trend of shock, and the "strategic devaluation" resumed as scheduled. So that within a month, the RMB continuously broke through the 6.8 and 6.9 marks.
In addition, the regulatory authorities continue to strengthen foreign exchange management. According to the analysis, the pressure of RMB depreciation in 20 17 will be less than last year. Individuals don't have to rush to exchange foreign exchange, they can look for investment opportunities in China.
I hope it helps you.