2.65438-0973, due to the oil crisis, the world price level rose, and western countries generally implemented a floating exchange rate system, with frequent exchange rate fluctuations.
In order to adapt to this change in the international exchange rate system and the adverse effects brought by the exchange rate changes of major international currencies in reality, the RMB exchange rate is adjusted by using the weighted average calculation method of "a basket of currencies" according to the principles of being conducive to RMB pricing and settlement, being conducive to trade and being accepted by foreign trade, and referring to the floating exchange rates of western countries.
Therefore, the exchange rate of RMB against the US dollar was gradually adjusted from 1 pair 1 US dollar in 0973 to 1.50 pair 1.980, and the US dollar depreciated by 39.2% against RMB.
3. From 1980 to 1994, Chinese mainland implemented a dual exchange rate system. From 198 1 to 1984, the dual exchange rate system was initially implemented, that is, in addition to the official exchange rate, another foreign exchange internal settlement price was set for foreign trade units for import and export trade settlement and economic benefit accounting, which was fixed at 2.80 yuan according to the current export exchange cost.
Affected by internal and external factors, the official exchange rate of RMB against the US dollar was lowered from 198 1.50 yuan in July to 2.30 yuan 1984 in July, and the RMB depreciated by 53.3% against the US dollar.
4. From April to the end of the year 199 1. At this stage, the RMB exchange rate will be fine-tuned. In more than two years, the official exchange rate has been slightly lowered dozens of times, but it still can't keep up with the changes in export exchange costs and foreign exchange swap prices. By the end of 1993, the official exchange rate and swap exchange rate of RMB against the US dollar were 5.7 and 8.7 respectively.
5. On July 2, 2005, the People's Bank of China suddenly announced that, with the approval of the State Council, the RMB exchange rate was changed to refer to a basket of currencies, and the exchange rate was changed to 1 US dollar to 8. 165438 0 yuan RMB, with a disguised appreciation of 2% and no longer pegged to the US dollar.
6. On May 8, 2007, the People's Bank of China announced that since May 2, 2007, the floating range of RMB against the US dollar in the inter-bank spot foreign exchange market has been expanded from three thousandths to five thousandths.
Affected by the overnight surge in the US dollar, in August 10, the central parity rate of RMB against the US dollar and the spot exchange rate both hit a one-and-a-half-month low. The People's Bank of China authorized China Foreign Exchange Trading Center to announce that on June 5438+02, the central parity rate of US dollar against RMB was US$ 65438 +0 to RMB 6.80 15 yuan, and the spot market opened at RMB 6.7958.
7 7. 10/October 2, 201154, the central parity rate of RMB against the US dollar was reported at 6.3 154, up 34 1 compared with the previous trading day (10.30).
20 15, 12 and 10, the central parity of RMB against the US dollar was set at 6.4236 yuan, down 96 basis points from the previous day, and the lowest level since August of 20 1 1 year was refreshed again.
8.2065438+On February 5, 2006, China Foreign Exchange Trading Center announced that the central parity of RMB against the US dollar was 6.5 1 18, which was 196 basis points higher than the previous trading day, with an increase of 0.30%. At the same time, the onshore spot exchange rate of RMB against USD was reported at 6.4944, which was 7,565,438+0 basis points higher than the previous trading day, the biggest one-day increase since the exchange rate reform in July 2005.
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