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28, The Central Parity Price Of RMB Rose To 6.5051.

2011/4/28 10:06:00 45

Appreciation Of RMB And Imported Inflation In Overseas Markets

  

RMB to us dollar exchange rate

The median price was 1 yuan against the RMB 6.5051 yuan, up 44 basis points from the previous trading day (6.5096), refreshing the previous trading day's new high.


 


The central parity rate of RMB against other currencies is 1 yuan to RMB 9.6445 yuan, 100 yen to RMB 7.9311 yuan, 1 Hong Kong dollars to RMB 0.83725 yuan, 1 pounds to RMB 10.8518 yuan, 1 yuan to 0.45538 ringgit, RMB 1 yuan to 1 Russian ruble.


Since April this year, the central parity rate of RMB against the US dollar has broken through 6.55, 6.54, 6.53, 6.52, and 6.51 five integer points, which has been rare since the resumption of the exchange rate reform, and the pace of appreciation has accelerated significantly.

suffer

overseas market

The impact of holiday factors, since this week, the RMB spot market prices fluctuated sharply, on Monday near the end of the market has been down.


Driven by the strong middle price yesterday, the yuan ended up 6.5112 against the US dollar in the inquiry trading system, up 175 basis points from the previous trading day.


There are also rumors in the market.

RMB appreciation

Or will adopt a one-time appreciation in place to alleviate the problem.

Imported inflation

However, traders said that this situation is unlikely to happen, because the yuan did not substantially appreciate a basket of currencies as a whole.


 
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