RMB exchange rate breakdown 6.7!

After the Federal Reserve raised interest rates and reduced the balance sheet, the yuan continued to decline against the doll.

Since the beginning of this year, the spot exchange rate of the renminbi against the dollar has fallen by more than

When will the RMB exchange rate stabilize?

Affected by internal and external factors such as export pressure, shrinking or even inversion of the Sino-US interest rate differential, the RMB exchange rate will still be under pressure to further depreciate in the short te.

Wang Tao, head of Asian economic research and chief China economist at UBS, believes that "the yuan is expected to weaken further against the dollar in the next few months, reaching 9 by the end of the ye.

The Northeast Securities Research Report believes that the room for RMB depreciation may be limit.

A policy research article released by the central bank on May 6 stated that China has formed a set of structural monetary policy system suitable for national conditio.

Export-oriented enterprises benefit significantly

Although the exchange rate adjustment will have an impact on the market, from an industry perspective, export-oriented enterprises with a lot of overseas business are conducive to enhancing their export competitiveness against the background of the devaluation of the R.

Many companies said that the devaluation of the renminbi will have a positive impact on the compa.

At the same time, with the rapid correction of the RMB exchange rate, the willingness of exporters to settle foreign exchange has increased significant.

Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that the current foreign exchange deposits of domestic entities are more than 700 billion US dollars, which is also a historical hi.

What should foreign trade companies pay attention to now?

Wei Jianguo, former vice minister of the Ministry of Commerce and vice chairman of the China Center for International Economic Exchanges, said that the world's reliance on Chinese goods is still increasi.

On the one hand, it is necessary to increase management and practice internal.

On the other hand, we fully understand the size of the local market and grasp the requirements of local customers for product quantity, specifications and supply conditio.