RMB Spot Exchange Rate Rebounded Strongly

< p > on Tuesday and Wednesday, after a marked decline in the two trading days, Thursday (May 29th), against the background of a new low of the intermediate price, the RMB against the US dollar "a href=" //www.sjfzxm.com/news/index_cj.asp "spot exchange rate < /a >, reversed the downward trend in one fell swoop, and showed a strong rebound of 157 basis points per day.

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< p > the China Foreign Exchange Trading Center announced that in May 29, 2014, the RMB exchange rate between the RMB and the US dollar was 6.1705 in the inter-bank foreign exchange market, which was 11 basis points lower than the 28 day and a eight month low since September 9, 2013.

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On the spot market, the renminbi moved lower than the "a href=" //www.sjfzxm.com/news/index_cj.asp "dollar" /a "spot exchange rate on the spot market, which reversed the rapid decline of the first two trading days in one fell swoop.

The RMB spot exchange rate had opened 48 basis points at 6.2604 in early trading, but then rebounded sharply under the selling pressure of the US dollar, closing at 6.2399 at the end of the day, falling 157 basis points or 0.25% throughout the world.

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< p > analysts said that the recent a href= "//www.sjfzxm.com/news/index_cj.asp" > US dollar index < /a > staged rebound, superimposed on the impact of corporate dividends and foreign exchange purchase, made the RMB exchange rate weaken once, but considering the macroeconomic fundamentals and other major factors of RMB exchange rate did not change significantly.

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< p > related links: < /p >

< p > for 50 thousand US dollars and 8 thousand flowers for /p.

< p > since February this year, the RMB exchange rate has been rising for nearly 10 years, and there has been a rapid devaluation.

So far, the exchange rate of RMB against the US dollar has depreciated by 3.4% in the market, compared with 2.91% in the whole year, and the year-round increase in last year.

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Ms. P calculated the amount of money: in January 2nd this year, the central parity of RMB against the US dollar was 6.0990, and that for us $50 thousand needed 300 thousand and 450 yuan. In May 27th, the central parity of the RMB exchange rate was 6.1687 yuan, and the 50 thousand US dollar needed 308 thousand and 435 yuan.

Compared to January, it will cost 7985 yuan more.

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< p > outbound travel expenses should be raised < /p >.

< p > "summer vacation outbound travel expenses will rise, the main reason is the coming of the peak season, followed by the rising cost of RMB depreciation."

Zou Zhipeng, director of the outbound Department of Jiangxi branch of global travel, told reporters that the European and Australian tours were settled in US dollars. Since the group fee has not yet been adjusted, the Australian line has increased by nearly 4000 yuan a month, and Europe has increased by 3000 yuan.

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< p > three ways to teach you to reduce expenses < /p >

< p > in the situation of RMB devaluation, how to save money for going abroad? Kim Gillet, head of studying abroad in Jiangxi Province, suggests that three measures can reduce exchange rate cost appropriately.

First, exchange foreign currency in advance.

When going out for consumption, using local currency is not only convenient, but also avoids the exchange of higher fees at the local level; secondly, overseas credit cards should go to the passageway, such as holding dual currency credit cards in foreign consumption, we should know whether they can support the UnionPay and international cards; third, we should also pay attention to whether the automatic repurchase repayments are authorized.

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