RMB To US $10 Thousand, The Highest Difference Is 3680 Yuan.

< p > the long-awaited RMB expansion wave boots finally fell. The central bank announced on March 15th that since March 17, 2014, the floating rate of RMB against the US dollar in the inter-bank spot foreign exchange market has expanded from 1% to 2%, and the designated foreign exchange banks provide the difference between the maximum US dollar spot selling price and the minimum spot purchase price on that day. The range of the intermediate price of the exchange rate should not exceed that of the current exchange rate from 2% to 3%.

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< p > analysis shows that the next one or two quarters will enter the interval shock state, but this year, < a href= "//www.sjfzxm.com/news/index_c.asp" > RMB to us dollar < /a > breaking 5 is a big probability event.

In the future, enterprises and individuals should adapt to the two-way floating state of RMB.

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< p > < strong > fluctuation will become the norm, focusing on the long term trend < /strong > < /p >

< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > two-way floating > /a > means that the appreciation and depreciation of RMB < a href= > //www.sjfzxm.com/news/index_c.asp > exchange rate > /a > can not be simply summed up as a trend in the short term. We should pay more attention to the trend of the medium and long term.

With the advance of the reform mechanism of exchange rate marketization, the RMB will have the same flexibility as the major international currencies in the future.

The head of the central bank said.

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< p > "overall, it is appropriate to extend the floating rate of RMB to us dollar to 2%, and the risk is relatively small."

The central bank official said.

Since 1994, the floating rate of RMB exchange rate has gradually expanded.

In 1994, the floating rate of RMB exchange rate was 0.3%, widened to 0.5% in 2007 and expanded to 1% in 2012.

Over the past two years, the central bank has once again expanded the volatility of the RMB exchange rate.

The official stressed that the further expansion is a gradual reform arrangement, which is prudent and takes full account of the adaptability of the economic subjects.

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< p > Ding Zhijie, Dean of the school of finance of the University of foreign trade and economics, believes that in the past week, the RMB exchange rate has been in line with the intermediate price and paction price in the domestic interbank market. The trend of the Hongkong market and the domestic market is basically the same, which has created conditions for the expansion of the RMB exchange rate volatility.

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< p > chief economist Lu Zheng commissar of Industrial Bank believes that the expanded exchange rate volatility is in line with expectations, but the magnitude is lower than the previous 2.5% to 3% level, indicating that the adjustment is more cautious.

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< p > < strong > devaluation comes to an end. This year breaks 5 probability > /strong > < /p >.

< p > some market participants worry that the RMB exchange rate will weaken after the exchange rate volatility expanded in 2012.

Then, will the RMB exchange rate go down sharply? The central bank official said, with the advance of the reform mechanism of the exchange rate marketization, the RMB will be the same as the major international currencies in the future, and the full flexibility of two-way fluctuations will become the norm, but this does not mean that the RMB exchange rate will appreciate or depreciate significantly.

Of course, if the exchange rate fluctuates exceptions, the central bank will also implement the necessary regulation and management to maintain the normal fluctuation of the RMB exchange rate.

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< p > Lu commissar also predicted that with the announcement of this policy, the RMB devaluation action will be temporarily suspended, and the next one or two quarters will enter the state of concussion.

Most market participants are still optimistic about the long-term trend of the renminbi. It is believed that this year's RMB breaking 5 against the US dollar should be a matter of great probability.

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< p > < strong > unilateral bet risk is large, avoid one-way operation < /strong > < /p >

< p > the industry is also worried that if the exchange rate really fluctuated to 2%, this will have a greater impact on export enterprises.

In this regard, the central bank admits that under the current monetary system with a floating exchange rate in major currencies, all kinds of enterprises are bound to face changes in exchange rates between local currencies and other currencies.

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Xu Hanfei, analyst of Guotai Junan Securities bond, pointed out that the increase of exchange rate elasticity does make enterprises pay more attention to exchange rate changes than ever before, and also makes the macro policy of the state take into account the change of exchange rate, whether it is a new challenge to enterprises or to the government. P

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Ding Zhijie also reminded that enterprises should pay more attention to the management of exchange rate risk and avoid the risks brought by one-way speculation. We should change the expectation of unilateral appreciation of RMB exchange rate in the past. The two-way fluctuation of RMB exchange rate will become the norm, and the risk of unilateral bet is huge. P

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(P) the central bank also announced that the designated foreign exchange banks would provide the difference between the maximum US dollar spot selling price and the minimum spot purchase price on that day, which should not exceed the intermediate rate of the current exchange rate from 2% to 3%.

After the expansion of the exchange rate, some banks will expand their foreign exchange bid price differentials in order to pfer the risk of exchange rate changes, which will increase the cost of exchanging foreign exchange.

The price can be very different when going to the bank to exchange foreign currencies at different times in a day.

In extreme cases, the fluctuation of RMB to us dollar buying and selling price will reach 6% on that day, that is, the exchange rate of US $10 thousand will probably differ from US $600 to about 3680 yuan.

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< p > on the other hand, the financial planner said that the fluctuation of the yield of financial products based on the RMB exchange rate or related financial products also increased correspondingly. Besides buying the foreign currency related financial products, we should pay more attention to the impact of exchange rate changes on the earnings.

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