Onshore and offshore RMB exchange rates against the US dollar once rose above 6.7, hitting a new high in half a year

　　The exchange rate of RMB against the US dollar has appreciated strongly to a new six-month high.

　　On January 16, the spot exchange rate of RMB against the U.S. dollar rose above the 6.70 mark at the opening, which was the first time in half a year that it broke through this mark.

　　At the same time, the exchange rate of offshore renminbi against the US dollar, which more reflects the expectations of international investors, also rose strongly above the 6.7 mark, the first time since July last year.

　　Entering 2023, the spot exchange rate of RMB against the US dollar has appreciated by more than 3.6%, and the exchange rate of offshore RMB against the US dollar has also appreciated by more than 3%.

　　Xuan Changneng, deputy governor of the central bank, talked about the appreciation of the renminbi at the press conference of the State Council Information Office on January 13. He said that since mid-November 2022, with the implementation of domestic economic stabilization policies and measures, optimization of epidemic prevention and control measures and financial With the promulgation of policies supporting real estate and the market's expectation that the Federal Reserve will slow down the pace of raising interest rates, the US dollar index has fallen from its high level, and the RMB exchange rate against the US dollar has gradually turned to an appreciation trend.

　　As for the RMB trend that the market is concerned about, Xuan Changneng said that the current and future RMB exchange rate trend will be affected by multiple factors such as domestic and foreign economic and financial situations, the balance of payments, and market risk appetite, and short-term uncertainty is inevitable.

Overall, there is a solid foundation for maintaining basic stability.

Recently, China's economy has generally continued to recover, and the epidemic prevention and control has been dynamically optimized. In the context of high global inflation, China has maintained basic stability in prices. Considering the decline in the economic prosperity index of major economies, the growth rate of my country's trade surplus may drop. .

Under the comprehensive effect of various forces, my country's RMB exchange rate will generally maintain a stable operation.