Zhongxin Finance, January 21. On the 21st, at the press conference of the State Council Information Office, Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that in 2021, the exchange rate of my country's RMB against the US dollar will fluctuate in two directions, and the exchange rate is expected to be relatively stable.
According to Wang Chunying, under the complex and ever-changing environment, my country's foreign exchange market is generally running smoothly, and the RMB exchange rate remains stable.
For the whole year of 2021, the spot exchange rate of the RMB against the US dollar will appreciate slightly by 2.6% on the whole, and its stability is stronger than that of the currencies of major developed countries and emerging economies.
In terms of stages, the RMB exchange rate rose and fell, maintaining two-way fluctuations. The RMB exchange rate appreciated by 2.8% in the first five months, depreciated by 1.6% in June, fluctuated within a narrow range from July to September, and appreciated since October. 1.4%, closing at 6.37 at the end of the year.
Throughout the year, the RMB against the U.S. dollar rose at a maximum of 6.35 and depreciated at a minimum of 6.57. The difference between the highest point and the lowest point is about two cents.
The two-way fluctuation of exchange rate is mainly affected by the international financial environment and the supply and demand of the domestic foreign exchange market, as well as the impact of various comprehensive factors.
"We have also observed that professional indicators such as foreign exchange forwards and options show that the market's expectations for exchange rates are reasonably differentiated and relatively stable." Wang Chunying said.
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