The RMB exchange rate started the year at a new high and ended at a new high, with the central parity rate at 7.3046 yuan
The year started at a new high and ended at a new high. On the last trading day of this year, the RMB exchange rate ended the year at a new record high, with the central parity rate reported at 7.3046 yuan, once again opening up room for imagination for rapid appreciation in the future.
Yesterday, the central parity rate of the RMB exchange rate rose slightly by 33 basis points the day before, once again setting a new high record since the exchange rate reform. The cumulative appreciation rate of the RMB this year reached 6.88%, which was more than double the 3.35% appreciation rate in 2006. The cumulative appreciation rate since the exchange reform also reached more than 11% for the first time, at 11.03%.
On a trading day at the beginning of this year, the RMB exchange rate also reached a new high, with the central parity level at that time being 7.8073 yuan; a year later, based on the central parity rate of 7.3046 yuan, the RMB rose by a total of 5,027 basis points throughout the year. . The RMB has shown a strong impulse to appreciate from beginning to end. The past performance of the RMB has also allowed the market to once again imagine its trend next year. In addition to the enhanced elasticity and expanded volatility that it has already shown, the market also expects the RMB to continue to accelerate next year. appreciation, and the magnitude is greater than this year.
Yesterday, the central parity rate of other non-US dollar trading currencies against the RMB in the inter-bank foreign exchange market was: 1 euro to RMB 10.6669, 100 yen to RMB 6.4064, 1 Hong Kong dollar to RMB 0.93638, 1 pound to RMB 14.5807. AASDFWETGD
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