China News Agency, Beijing, April 22 (Reporter Xia Bin) The State Administration of Foreign Exchange of China (hereinafter referred to as the "Foreign Exchange Administration") released data on the 22nd that in March 2022, banks settled foreign exchange of 1,637.4 billion yuan (RMB, the same below), The sales of foreign exchange reached 1,467.6 billion yuan, with a surplus of 169.9 billion yuan (equivalent to USD 26.8 billion) in foreign exchange settlement and sales.

From January to March, banks accumulated a surplus of 373.1 billion yuan (equivalent to 58.7 billion U.S. dollars) in foreign exchange settlement and sales.

　　Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, told a reporter from China News Agency that since the beginning of this year, under the complex and severe external environment, China's foreign exchange market has been running smoothly, which is mainly reflected in the stable RMB exchange rate, the overall stable cross-border capital flow, and the foreign exchange rate. Market expectations are basically stable for three characteristics.

　　First, the two-way volatility of the RMB exchange rate increased, and the overall performance was stable.

Wang Chunying said that since the beginning of this year, as of April 21, the US dollar index has risen by 4.2%, and the euro, the pound and the yen have depreciated between 4% and 10% against the US dollar. down 1.2%.

In terms of multilateral exchange rates, the China Foreign Exchange Trade System's RMB exchange rate index rose by 2.4%.

　　At the same time, the RMB exchange rate has maintained two-way fluctuations, with an overall appreciation in January and February, and a depreciation since March.

Judging from the fluctuation direction of the next day, in the first quarter, the number of days of RMB appreciation accounted for 52%, and the number of days of depreciation accounted for 48%, which was relatively balanced; the fluctuation range between the highest price and the lowest price of the RMB exchange rate against the US dollar was 1.1%, which fully reflected the domestic foreign exchange supply and demand. Changes in the international market.

　　Second, cross-border capital flows were balanced and orderly, with a slight net inflow overall.

Wang Chunying pointed out that, in the first quarter, foreign exchange settlement and sales and foreign-related receipts and payments generally maintained a surplus pattern, thanks to the stability of major cross-border capital flow channels.

　　Third, transactions in the foreign exchange market were rational and orderly, and exchange rate expectations were basically stable.

Wang Chunying said that from the current indicators related to derivatives such as RMB against foreign exchange forwards and options, there is no implied appreciation or depreciation expectation.

At the same time, market players continued to maintain the rational trading model of "settlement of foreign exchange at highs and purchase of foreign exchange at lows", reflecting their true views on the exchange rate prospects with their actions.

(Finish)