Why does RMB appreciate sharply? Will the future accelerate? Safe response

category:Finance
 Why does RMB appreciate sharply? Will the future accelerate? Safe response


As for whether the RMB will accelerate its appreciation in the future, Wang Chunying said that under the joint action of internal and external factors, the future RMB exchange rate is expected to continue to maintain two-way fluctuation and basic stability at a reasonable and balanced level.

Smart markets can always see the positive and negative sides of the coin. They not only fully recognize the basic support of the RMB exchange rate in the domestic economy, but also pay close attention to various external unstable and uncertain factors, which may keep the RMB up and down and fluctuate in both directions. Wang Chunying said that at present, there are three factors discussed by market institutions: first, in the long run, despite the weakening of the US dollar, the current global economic recovery prospects are not clear, and the short-term trend of the US dollar is uncertain.

Second, market institutions have also observed that the improvement of global epidemic situation in the future will not only help to enhance Chinas foreign demand, but also help to expand imports. At the same time, the relaxation of entry-exit restrictions will also promote the recovery of Chinese residents demand for cross-border travel and study abroad. Therefore, Chinas current account is not easy to have a large surplus.

Wang Chunying said that the safe will further cooperate with the peoples Bank of China to continuously deepen the market-oriented reform of the RMB exchange rate and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. We will continue to promote the two-way opening of the financial market, improve the level of cross-border trade and investment facilitation, and provide more opportunities and conditions for domestic investors to allocate overseas financial assets while expanding the attraction of domestic market to foreign investors, so as to promote the formation of a new development pattern of double cycle and serve economic development.

Wang Chunying reminded that enterprises should actively prevent exchange rate risk and establish a risk neutral concept. Since this year, the average one-year implied volatility of domestic option market is 5%, and the fluctuation between the highest price and the lowest price is 7.5%. The RMB exchange rate flexibility is relatively strong. In the face of exchange rate fluctuations, enterprises should strengthen the awareness of risk prevention. First, we need to change the unilateral linear thinking that RMB is either up or down, and establish the awareness of two-way fluctuation of RMB exchange rate. Second, it is necessary to deal reasonably and prudently, do a good job in risk assessment, and appropriately hedge the exchange rate exposure. Third, we should try our best to control currency mismatch and arrange the currency structure of assets and liabilities reasonably. Fourth, we should not use exchange rate hedging tools as speculative arbitrage tools and take unnecessary risks. Review of extended reading: the index fell by 2.72%, and the insurance coverage was 2600. This week, a total of 4.54% of the national goddess old Ganma was recalled in Australia because of chicken bone in chicken oil and pepper! Tesla recalled some imported electric vehicles totaling 48600 vehicles. Source: editor in charge of Finance and Economics: Yang Bin_ NF4368

Wang Chunying reminded that enterprises should actively prevent exchange rate risk and establish a risk neutral concept. Since this year, the average one-year implied volatility of domestic option market is 5%, and the fluctuation between the highest price and the lowest price is 7.5%. The RMB exchange rate flexibility is relatively strong. In the face of exchange rate fluctuations, enterprises should strengthen the awareness of risk prevention.

First, we need to change the unilateral linear thinking that RMB is either up or down, and establish the awareness of two-way fluctuation of RMB exchange rate.

Second, it is necessary to deal reasonably and prudently, do a good job in risk assessment, and appropriately hedge the exchange rate exposure.

Third, we should try our best to control currency mismatch and arrange the currency structure of assets and liabilities reasonably.

Fourth, we should not use exchange rate hedging tools as speculative arbitrage tools and take unnecessary risks.