近期人民幣匯率反彈背后的因素
6 July 2023
Recently, the RMB exchange rate showed a strong rebound momentum. On July 4, 2023, the shore RMB-USD closing price was 7,2161, while the offshore RMB-USD rebounded by 7,22 points and rose by 300 points within the day. The three-day rise in a row made the average price of the RMB-USD on July 5 rise by 78 basis points, on July 7, 1968.
Whirlwind of dollar appreciation: Major changes in the pattern of the global foreign exchange market
7 June 2023
In todays globalized world, fluctuations in the currency market have a profound impact on business operations. Recently, the performance of the US dollar in the global foreign exchange market has attracted widespread attention. The following is an in-depth analysis of the US dollars appreciation surge: I. The US Dollars Appreciation Surge Recently, the US dollar has shown a strong upward trend in the ranking of major global currencies. In the past month...
The Turkish lira exchange rate against the US dollar has fallen to a record low. Chinese foreign trade companies need to beware of risks
1 June 2023
On May 29, 2023, the Turkish lira fell to a record low of 20.077 lira per US dollar. The lira has fallen by more than 7% this year and has depreciated by more than 90% in the past decade. Turkey is struggling to cope with a cost-of-living crisis, a currency crash, and depleted foreign exchange reserves. Due to Turkeys limited foreign exchange reserves and significantly...
The currency exchange rate breaks the 7 and brings short-term export business benefits and long-term needs for stability.
24 May 2023
Data from the China Foreign Exchange Trade System shows that on May 22, the onshore closing price of the RMB against the US dollar was 7.0304 yuan, down 69 basis points from the previous trading day. Since first breaking through 7 on May 17, the RMB has cumulatively depreciated by more than 0.9% against the US dollar in just a few trading days. Currently, the RMB exchange rate is showing a two-way fluctuation trend, and market sentiment is relatively stable...
South African currency exchange rate hits a record low, beware of foreign exchange risks
16 May 2023
The South African rands exchange rate against the US dollar recently hit a record low, attracting market attention. Last Friday, the South African rand depreciated by 1.8% against the US dollar during trading, closing at 19.32 rand per 1 US dollar, reaching a record low. Throughout the week, the South African rand fell nearly 4.7% against the US dollar, the largest single-week depreciation in nearly 9 months. So, what caused...
In cross-border procurement, how much does exchange rate fluctuations affect the business?
11 April 2023
In cross-border procurement, exchange rate fluctuations are a frequent issue that can have an adverse impact on business. Here is a relevant case: Suppose a Chinese company plans to purchase raw materials from the United States. The purchase contract stipulates that the purchase amount is $100,000. When the contract is signed, the exchange rate of RMB to USD is 1 USD = 6.8 RMB. Then...
The exchange rate is an important concept in international trade. How much do you know about it?
6 April 2023
The settlement exchange rate refers to the exchange rate at which foreign currency is converted into domestic currency, which is the ratio of one currency to another. In international trade and finance, the settlement exchange rate is a very important concept, affecting the import and export costs of enterprises and international payments. In China, the settlement exchange rate is released by the Peoples Bank of China and usually uses the exchange rate of RMB against foreign currency...
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