The Impact Of RMB Depreciation On The People

< p > since February 17th, the RMB has depreciated 6 times in 7 trading days.

In recent days, both newspapers and financial websites have done a lot of reports on this. From the experts' explanation to the press conference held by relevant departments, the content of various reports is complete.

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< p >, what is the relationship between the RMB exchange rate and the common people? < /p >

< p > < strong > this year's exchange of ten thousand < a href= "//www.sjfzxm.com/news/index_c.asp" > US dollar < /a > requires more than 255 yuan RMB < /strong > /p >

< p > first, let's make an account.

Obviously, < a href= "//www.sjfzxm.com/news/index_c.asp" > RMB < /a > is not worth the money, which means that more Renminbi should be used to exchange foreign currencies.

How much do we need to spend? Suppose we need to change ten thousand US dollars, according to the February 27th central parity of RMB against the US dollar, that is, 1 US dollars equals 6.1224 yuan, and ten thousand yuan for us $61224.

But if it was exchanged in December 31st of last year, the median price at that time would be 6.0969, that is, the exchange of ten thousand dollars would only cost 60969 yuan, which is 255 yuan less than the former.

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Who are affected by < p > < strong > < /strong > /p >

< p > 1, Hai Tao family: wait and see, then play out < /p >.

< p > as we all know, the price of some big clothes and cosmetics abroad is much lower than that of the continental counters.

So many people choose to shop abroad or find foreign friends to purchase.

In recent years, with the appreciation of the RMB against the US dollar, more and more people are joining the team.

Unexpectedly, the yuan began to rise and fall recently, which is equivalent to the collective price rise of clothing and accessories.

Do you want to buy it? Wait and see.

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< p > 2, foreign students: tuition has not risen, but the RMB has depreciated. < /p >

< p > with the increase of < a href= "//www.sjfzxm.com/news/index_c.asp" > national income < /a > and appreciation of RMB, studying abroad is nothing new.

But the recent drop in the RMB is a bit ruthless, and the foreign students will be able to calculate an account.

Suppose that an international student costs $30 thousand a year. According to the above data, it will cost nearly 800 yuan a year.

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< p > 3, donkey friend: do I still go to travel? < /p >

< p > spring blossoms, many people plan to go to the US for a stroll.

In the case of unilateral appreciation of the renminbi, outbound consumption of the brush bank credit card is the most cost-effective, because the longest 56 days of interest free period allows consumers to delay the purchase of foreign exchange as much as possible, so as to enjoy the benefits of RMB appreciation.

Recently, however, the performance of the renminbi has made it difficult for the donkey friends to go. Do I still have to go? < /p >

< p > < strong > foreign currency wealth management products revenue bullish < /strong > /p >

< p > it seems that the depreciation of RMB will not be easy to travel and sea in the short term. Is there no benefit at all? Of course not.

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< p > with the US Federal Reserve's withdrawal from QE and the increase in US dollar interest rate expectations, investors began to look at US dollar assets.

In fact, since last year, some high net worth customers have begun to consciously increase US dollar holdings.

A bank staff said that many customers have already used the full amount of exchange swap available each year, that is, the upper limit of US $50 thousand, and gradually increase US dollar asset allocation through this way.

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Under the above background, the yield of foreign exchange financial products of some Chinese banks has also been increasing in recent years. < p >

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