In February, The Surpluses Of Foreign Exchange Sales Decreased By More Than 60%.

Data released by the State Administration of foreign exchange on 14 may show that in February 2011, the foreign exchange settlement by banks was $90 billion, and the sale of foreign exchange by banks was $65 billion 100 million.

Foreign exchange settlement by banks refers to the settlement and sale of foreign exchange by designated banks for foreign exchange, excluding foreign exchange pactions conducted by designated foreign exchange banks for their own pactions and interbank foreign exchange market pactions.

The analysis pointed out that in February, the ratio of sales to foreign exchange decreased significantly.

Statistics show that in 2011 1-2, the total amount of foreign exchange generated by the bank's clients was 240 billion 300 million USD, and the foreign exchange sale was $147 billion, and the total accumulated foreign exchange balance of the bank customers was 93 billion 300 million US dollars.

It is worth noting that for a long time, the surplus of the foreign exchange sale and sale of banks has always been larger than the trade surplus. This is mainly due to the strong willingness to settle foreign exchange earnings from Chinese enterprises, and the low willingness to purchase foreign exchange when enterprises pay for imports, and the rate of foreign exchange settlement of enterprises has always been higher than that of the imported ones.

This makes the scale of settlement of foreign trade under the trade of goods much higher than that of selling foreign exchange.

Analysts pointed out that, despite the trade deficit in the first quarter, the bank's foreign exchange settlement may not be reversed, but may be substantially reduced.

This means that capital in trade is actually net inflow.