2. The appreciation of the US dollar, increased exports = economic recovery = money = increased airline customers.
3. The appreciation of the US dollar and the increase in the price of imported aircraft = the interest cost and maintenance cost of borrowing money to buy aircraft in the past have increased.
What is the impact of RMB appreciation on domestic enterprises? The appreciation of RMB is good for the stock market, especially for real estate listed companies. Although the state constantly regulates the real estate industry, these regulations have raised the threshold for entering the real estate market. In addition, there are two 70% restrictions on the houses developed in the future, which will inevitably lead to the popularity of large-sized houses and villas in the hands of large developers, so their profit rate will rise. On the other hand, every macro-control of the industry is an opportunity for big waves to wash sand, and good companies will take this opportunity to get extraordinary development.
The impact of RMB appreciation on the stock market is generally more beneficial than harmful. The disadvantage it brings is that it has some adverse effects on those export-oriented enterprises, that is, the product price is high and the competitiveness is reduced. But for the securities market, appreciation will attract more funds to buy RMB assets, thus promoting the stock market to rise.
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How does the appreciation of the US dollar affect the transactions between China and Europe? Due to the continuous rise of the US dollar index at the end of last year and the downward trend of domestic economic data, the RMB exchange rate started weakly in the new year. Looking forward to 20 15, the RMB exchange rate will still fluctuate in two directions and remain stable.
First of all, before the end of last year, the exchange rate of RMB against the US dollar remained relatively stable, which led to the rapid appreciation of RMB against currencies other than the US dollar. The RMB has appreciated by more than 65,438+00% against the currencies issued by the European Union and Japan, both of which are major trading partners of China, and the above trend continues. This has a negative impact on China's export growth. Therefore, the proper depreciation of RMB against the US dollar is conducive to alleviating the upward pressure on the exchange rate of RMB against other currencies.
Secondly, the exchange rate is a reflection of a country's economic development level. The short-term price fluctuation of a country's currency is related to the supply and demand of the trading market, but the long-term value reflects the country's economic development level and prospects.
In the past year, the US dollar continued to strengthen, mainly because the sustained recovery of the US economy increased investors' demand for US dollar assets; On the other hand, the economies of Japan and the euro zone are on the verge of recovery and recession, and the further implementation of quantitative easing by the central banks of both sides makes the economic growth prospects of the two places worrying, leading to the phenomenon that the currencies are naturally sold by investors and the exchange rate continues to fall.
Although China's economic growth rate has slowed down, it is still at a high level in the world, which creates conditions for the RMB to continue to strengthen. There is still great potential for future development. According to the theory that economic development determines the exchange rate, as long as China's economy maintains its current growth momentum, capital will naturally continue to flow in.
Third, China implements a managed foreign exchange policy. On July 2 1 2005, the People's Bank of China announced that it would abandon the exchange rate policy of single peg to the US dollar and began to implement a managed floating exchange rate system based on market supply and demand and with reference to a basket of currencies. There is a managed and controlled floating exchange rate system, and the visible hand of administration plays a great role in exchange rate intervention. China has not fully opened its capital account. If the fluctuation of RMB exchange rate intensifies, China can strengthen capital account control and curb capital outflow.
Fourthly, China has abundant foreign exchange reserves. From 2008 to now, although the subprime mortgage crisis, global economic crisis and European debt crisis have had a negative impact on China's import and export trade, China's foreign exchange reserves have maintained a sustained growth. By the end of 20 14, the balance of China's foreign exchange reserves was US$ 3.84 trillion. The capital for adjusting the exchange rate is sufficient. Once the devaluation is excessive, the central bank must intervene. Foreign exchange reserves are enough to pay for more foreign exchange. At the same time, it is enough to support the stability of the RMB exchange rate.
Fifth, multiple factors show that it is unlikely that the central bank will directly announce a one-time devaluation. This year, the discussion on whether the RMB should be included in the basket of special drawing rights of the International Monetary Fund is going on. In this case, it is unlikely that the monetary authorities will encourage the RMB to depreciate. Similarly, in the current international political environment, it is unlikely that China will choose such an approach that damages its potential superpower responsibilities.
What is the impact of the appreciation of the yen on the United States this year, which is conducive to the export of American products to Japan?
What is the impact of RMB appreciation on domestic people? Luxury goods are cheaper and immigrants studying abroad are cheaper. Exchange rate policy is usually used together with other macro-control policies. If the central bank tightens monetary policy, the price index will drop, and speculation will be hit, which will be unfavorable to the capital market, such as some banking stocks, gold and property market.
What is the impact of the US dollar interest rate cut on RMB appreciation? Of course, what is the impact on A shares? A large amount of international hot money will flood into China because of the relative increase of interest rate in China, so it is beneficial to A-shares in theory. The interest rate cut by the US dollar will accelerate the appreciation of the RMB. This is all theoretical.
What is the impact of the depreciation of the US dollar on international oil prices? What is the impact on domestic refined oil products denominated in RMB? What is the impact on domestic oil production and refining industry? Hehe, you ask too many questions. This is not clear in one or two sentences. Let me explain it to you with my own understanding. Please forgive me if there is anything wrong.
1. What is the impact of the depreciation of the US dollar on international oil prices?
The dollar is an international currency. Like gold, most of the global trade you see is settled in dollars, so crude oil is denominated in dollars. After all, dollars are money, and crude oil is like gold. The price of crude oil is determined by demand. In other words, crude oil is hard currency, and it has a specific price. If the dollar depreciates, crude oil will rise. For example, $80 a barrel of oil is the core value when the dollar is stable, and the depreciation of the dollar means that it needs to be used. This is easier to understand. Think about it.
2. What is the impact on domestic refined oil products denominated in RMB?
A few months ago, the state changed the pricing mechanism of domestic refined oil, so that the price of domestic refined oil can be adjusted with the fluctuation of crude oil. Domestic refined oil does not fluctuate every day, but has a price adjustment cycle stipulated by the state. At present, it is around the 22nd, so it will be linked to the international oil price every 22nd or so. When crude oil falls domestically, it will fall, and when it rises domestically, it will rise, but the extent is determined by the petrochemical duo.
3. What is the impact on domestic oil production and refining industry?
Most imported oil is processed in China, but domestic oil can't meet domestic demand. Of course, the oil exploration industry will make a lot of money because of the sharp rise in international oil prices, because they also enjoy the profits brought by the rise in oil prices. As for oil refining, you can imagine that they buy crude oil for processing, so when the international oil price rises sharply, their purchasing cost will also increase. When the international oil price falls, they will buy at a low price. This is not absolute, but an understanding.
Supplementary part of the question:
It is not difficult to imagine the impact of the rise and fall of oil prices on PetroChina and Sinopec. Now that the stock market has seen clearly, everyone is worried about inflation. International big capital either buys crude oil or gold, so when crude oil rises, petrochemical duo will make a lot of money from it. The current mechanism seems to be that as long as the demand in China continues like this, the petrochemical duo can make a lot of money. It's a little different from Buffett's period. At that time, the global economy was very stable, and of course the demand was also very stable. Now, demand comes from developing countries, and total demand has also changed. The current price of crude oil is only speculation, which cannot fully reflect the demand.
The above is a personal understanding, aiming at mutual communication. I hope my understanding is helpful to you!
What is the impact of the latest news of the appreciation of the US dollar? The exchange rate of RMB against the US dollar can be exchanged through China Merchants Bank. Please open: fx.cmbchina./hq/ to check the real-time exchange rate of foreign exchange. As the exchange rate changes in real time, the actual exchange rate is subject to your actual operation.
Trial calculation, open: cmbchina. /cmbwebpubinfo/cal _ forex.aspx？ Chnl=whjsq trial calculation.
What is the impact of RMB appreciation on domestic prices? The process of RMB appreciation is aimed at the appreciation of the US dollar, so the price of goods imported by the US dollar will be reduced, and you will feel that it is cheaper to buy imported goods and travel abroad to study.
What is the impact of the depreciation of the US dollar on the international gold price? The price of gold is generally denominated in dollars. If the dollar depreciates, the price of gold will definitely rise.