The earliest currency index in the world is the dollar index launched by NYBOT in 1985. With the acceleration of RMB internationalization, domestic scholars have designed a similar RMB exchange rate index with reference to the successful experience of US dollar index.
The exchange rate index of RMB is published once a week by China Foreign Exchange Trading Center (CFETS), and the value of 20 14 12 3 1 is set as 100, which is used as a criterion to judge the strength of RMB. 2015165438+1October 30th, China foreign exchange trading center released the RMB exchange rate index for the first time.
The value is 102.93, which is greater than the standard value 100, indicating that the value of RMB has increased compared with 20 14. It can be said that the rise and fall of the RMB exchange rate index itself reflects the changes of RMB against major currencies such as the US dollar and the euro in the international foreign exchange market. Generally speaking, the index rises, indicating that the RMB appreciates against these currencies; On the contrary, the index fell and the RMB depreciated.
Extended data:
The function of RMB exchange rate index;
As a weighted average exchange rate, the exchange rate index is mainly used to comprehensively calculate the change of the weighted average exchange rate of a country's currency against a basket of foreign currencies, which can more comprehensively reflect the change of the value of a country's currency. Compared with a single currency, reference to a basket of currencies can better reflect the comprehensive competitiveness of a country's goods and services, and can also play a more important role in regulating import and export, investment and balance of payments. ?
Changes of RMB exchange rate index;
The release of CFETS RMB exchange rate index provides quantitative indicators for the market to observe RMB exchange rate, thus reflecting market changes more comprehensively and accurately.
20151211,CFETS (China foreign exchange trading center for short) RMB exchange rate index was published on the website of China foreign exchange trading center. According to the calculation of China Foreign Exchange Trading Center, the RMB exchange rate index of cf ets 10165438 on October 30th was 102.93, up by 2.93% compared with the end of 20 14.
Baidu encyclopedia-RMB exchange rate index