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The Central Parity Price Of RMB 6.5002&Nbsp; 12 Basis Points Down.

2011/5/3 10:15:00 35

Appreciation Of RMB Trading Day

The central parity of RMB against the US dollar is 6.5002, and the last one.

Trading day

(6.4990) down 12 basis points.


The central parity of RMB against other currencies is 1 euros.

RMB

9.6164 yuan, 100 yen to 8.0175 yuan, 1 Hong Kong dollars to RMB 0.83677 yuan, 1 pounds to RMB 10.8004 yuan, 1 yuan to 0.45722 ringgit, 1 yuan to 4.2142 Russian ruble.


In the last trading day before the festival, the central parity price of the RMB finally broke 6.50 to 6.4990, and the RMB's intra day trading price of the US dollar in the domestic spot market broke through 6.49 to 6.4892.

The total value of the RMB against the US dollar increased by about 0.88% in April. In the first quarter of this year, the yuan rose to 1.01% against the US dollar.

Under the guidance of the new high price since 2005, the RMB against the US dollar in the domestic spot market closed 6.4910, setting a new high since the reform.


Before the Sino US economic dialogue, the renminbi suffered serious external pressure again, despite the recent rapid growth of the renminbi.

For example, senior U.S. Senator Schumer stressed last Thursday that the United States must pass legislation to make the yuan against the US dollar.

appreciation


Analysts pointed out that the increase in the renminbi's daily fluctuation may be possible.

According to the present regulation, the fluctuation of RMB exchange rate can not exceed 0.5% of the daily average price announced by the people's Bank of China every day.

As early as two years ago, many people in the industry called for expanding the intra day volatility of the renminbi.


Data show that the renminbi reopened last year near 6.83.

Since this year, the yuan has appreciated 1.90% against the US dollar, while the US dollar index has fallen by about 1.4% last week.


 
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Herbart-菲尔巴特