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Then I will tell you today's exchange rate. Today, 1 yuan was exchanged for RMB in 7.8 yuan.
In layman's terms, the renminbi is valuable and the dollar is cheap.
Because some time ago it was more than 1: 8. For example:
1, the final total value of the new contract is $74,868,750. Together with $5.8 million in the last year of Yao Ming's rookie season, Yao Ming's total salary in the next six years will be close to $8 1 10,000. On average every year. If the foreign exchange rate is 1:8, the annual salary in Yao Ming will be more than 1 1,000 times that in Liu Xiang!
2. The relationship between foreign exchange rates has been multiplied several times at once. Take American things for example, a book may cost only a few tens of dollars, but in China, it has suddenly become eight times.
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The RMB reached a new high against the US dollar, with a cumulative appreciation of about 0.4%.
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Public trust. Contact information 2005-65438
Public trust. Com 65438+According to comprehensive media reports on February 7th, USD/RMB fluctuated around 8.0800 for several days, and then broke through the key resistance level of 8.0800 again on February 6th, hitting a new low of 8.0780 after the exchange rate reform. The intraday trading range of USD is RMB 8.0800 to RMB 8.0780. Compared with the cumulative appreciation of 0.4% since the exchange reform; 0.03% higher than the closing price on Monday (5th).
According to the report of the International Finance News,1on October 29th, the USD hit the previous low of 8.0796 against RMB 165438+. Since the unexpected appreciation of RMB to 8. 1 1 yuan 1 US dollar on July 2, RMB has appreciated by about 0.4% against the US dollar.
Last Friday, according to a German magazine, the RMB will appreciate further from June 65438+ 10/in 2006, and the exchange rate of the US dollar against RMB will be adjusted from the current 8.08 to 7.50. However, on February 5, 65438, the relevant domestic media quoted government officials as saying that the daily fluctuation limit of 3% between the US dollar and RMB is reasonable, and it will be economic factors rather than further official adjustment that will promote the future change of RMB exchange rate. The report ruled out the possibility of another one-off appreciation of the RMB.
In fact, the inter-bank foreign exchange market is becoming more and more market-oriented, and the fluctuation of RMB exchange rate against the US dollar is negatively correlated with the US dollar index in the international foreign exchange market. Yesterday, the RMB hit a new high against the US dollar, which was related to the strong rebound of the euro in the international foreign exchange market and the profit-taking of the US dollar.
The International Finance News quoted Wang Yuanhao, a researcher at CITIC Futures, as saying that the recent appreciation of RMB against the US dollar is actually much lower than that of RMB against the Japanese yen. Since the beginning of this year, the yen has depreciated by about 17% against the US dollar. Yesterday 100 yen against RMB closed at 6.6780. Compared with the closing price of 73 105 on July 2, the appreciation of RMB against Japanese yen has reached 8.65%!
"There is almost no suspense in the market at present. The trend of RMB appreciation is clear, but it is not very fast. " Wang Yuanzhang said. Yesterday's 1 year USD NDF was quoted at RMB 7.7650, higher than RMB 7.7570 at the end of Monday.