When Americans travel to China, 654.38 million US dollars will be exchanged for 680,000 RMB. Eating, drinking and having fun in China for a year cost 6.5438+0.8 million RMB. He wants to go back to the bank, because the RMB has appreciated to 1:5 against the US dollar, and the Americans changed the remaining 500,000 RMB into 654.38+10,000 US dollars. It was $654.38+million when I came, and it was still $654.38+million when I went back, and I went home happily.

Loss of wealth

In terms of foreign exchange reserves, it is only 20 1 1 year, and the arbitrage profit of $3 trillion of hot money is150 billion, equivalent to RMB 950 billion. The trade surplus earned by China's free OEM export this year has been fully reimbursed. Since the RMB began to appreciate, it has appreciated by 30%. 3 trillion dollars of foreign hot money has been arbitrage in China, earning several trillion dollars every year, totaling more than ten trillion dollars. Now all foreign hot money is going to run away. Instead of following the trend of devaluation, the RMB has appreciated, making foreign hot money not only profit from stock speculation and real estate speculation, but also profit more from arbitrage. It's a waste of money to give away wealth!