RMB against the U.S. dollar spot rate on December 26 exceeded 6.32, a record high (Sina Finance Note: According to the China Foreign Exchange Trade Center reported that at 10:22 on the 26th, the RMB against the U.S. dollar rose 0.12 percent, at 6.3290 yuan against the $ 1, hit the end of 1993 unified the official and market exchange rates the highest level since, while the afternoon session the yuan hit a record high of 6.3175). The central parity, the total value 26, this year the yuan has appreciated 4.84% against the U.S. dollar.
China Foreign Exchange Trade Center data show that 26, the interbank foreign exchange market exchange rate of RMB central parity of 6.3167 against the U.S. dollar, up 42 basis points the previous day, approaching the record of the exchange reform since the early high point. In the central parity of RMB against the U.S. dollar, driven by a continuous rise, the foreign exchange market inquiry RMB against the U.S. dollar spot exchange rate system, opening away, breaking 6.32 mark a strong afternoon, peaked at 6.3160, a record high. Spot exchange rate of RMB against the U.S. dollar closed at 6.3198, compared with 166 basis points the previous day closing price.
Recently, especially after 30 November, the spot exchange rate of RMB against the U.S. dollar after hitting consecutive trading days trading lower, led the market on the extensive discussion of devaluation. However, access to second half of December, the central parity of RMB against the U.S. dollar to rise continuously.
As of 26, the central parity of RMB against the U.S. dollar has been up 15 low compared to 254 basis points. Domestic spot market along with quietly changing wind direction, a strong re-emergence of the yuan.
Market participants said that the RMB against the U.S. dollar spot rate first high, the central parity can not do without clear guidelines. In the U.S. a situation of strong shocks, the central parity of RMB against the U.S. dollar appreciated steadily rise quite independent means, which conveys to the market devaluation of the RMB will not clear the signal.
Foreign exchange traders that the central parity of RMB against the U.S. dollar exchange rate and the spot exchange rate go hand in hand, the appreciation of the RMB exchange rate medium-term trend has been confirmed. (Zhang Qin Feng)