A basket of currencies refers to a combination of foreign currencies as a reference for setting exchange rates. The proportion of a foreign currency in the portfolio usually depends on the importance of the foreign currency in the country's international trade, and it is a group of currencies composed of multiple currencies in a certain proportion.

2016165438+127 October, Yi Gang, deputy governor of the people's bank of China, made a statement on the RMB exchange rate, and the RMB is still a stable and strong currency in the global monetary system.

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The so-called reference to a basket of currencies means that a country chooses several major currencies according to the closeness of trade and investment, and different currencies set different weights to form a basket of currencies, and set a floating range to make the country's currency float according to this basket of currencies.

On the other hand, China's domestic economic development level will not be greatly affected by the stable real effective exchange rate. Judging from the international financial market, the appreciation of the US dollar will reduce the global currency liquidity, which will have a great impact on some emerging economies and may even lead to the arrival of the financial crisis.

Moreover, the continued strength of the dollar will put pressure on the inflation rate of the dollar and have a greater impact on the growth of the US economy.

There are about five current exchange rate systems in the world, including the "dollarization" system in which other countries' currencies are used as their legal compensation currencies; A "linked exchange rate system" that maintains a fixed exchange rate relationship between a local currency and a major international currency.

Peg the exchange rate of domestic currency to a specific currency or a basket of currencies, regularly review the changes in the domestic and international economic and financial situation, and re-establish an "adjustable pegged exchange rate system" with fixed exchange rate targets; A "managed floating exchange rate system" that the central bank can properly intervene; And the "completely floating exchange rate system" such as the Japanese yen, the US dollar and the euro zone currency.

Baidu encyclopedia-a basket of currencies