The central parity rate of the RMB against the US dollar rose sharply by 433 basis points to achieve a "three consecutive rises"

　　China News Agency, Beijing, May 18 (Reporter Xia Bin) China Foreign Exchange Trade Center reported on the 18th that the central parity rate of the RMB against the US dollar was 6.7421, a significant increase of 433 basis points from the previous trading day, and it also achieved a rise for three consecutive trading days. .

　　In the foreign exchange market, the RMB exchange rate fell below the integer mark of 6.8 before, but it has rebounded in recent trading days, and the US dollar index has fallen from a high above 105.

As of 11:30 on the 18th, the spot exchange rate of the onshore RMB against the US dollar was 6.7547, the spot exchange rate of the offshore RMB against the US dollar was 6.7674, and the US dollar index was at 103.45.

　　Wang Chunying, deputy director of the State Administration of Foreign Exchange of China, said in an interview with the media recently that the recent depreciation of the RMB exchange rate to a certain extent is a short-term change in stages, and has not changed the overall characteristics of the two-way fluctuation of the RMB exchange rate and the basic stability at a reasonable and balanced level.

"For a very large economy like my country, the long-term trend of the exchange rate is mainly determined by domestic fundamentals."

　　Wang Chunying pointed out that at present, market players generally view the recent changes in the RMB exchange rate rationally, and the main transaction behaviors are still rational and orderly.

In recent years, the RMB exchange rate, whether it appreciates or depreciates in stages, is ultimately reflected in a more normalized two-way fluctuation, and generally remains basically stable at a reasonable and balanced level.

　　She said that relevant enterprises should firmly adhere to the concept of exchange rate risk neutrality, and the foreign exchange management department will continue to vigorously support enterprises to strengthen exchange rate risk management.

She also reminded that the current internal and external environment is complex and changeable, and various influencing factors are intertwined, making short-term fluctuations in the exchange rate more difficult to predict. All market players should not bet on the direction and magnitude of short-term exchange rate appreciation and depreciation, let alone speculative arbitrage.

(Finish)