The RMB Exchange Rate Has Hit A New High In Recent Days.

2011/4/2 11:49:00 56

Appreciation Of RMB Foreign Exchange Reserves

The China Foreign Exchange Trading Center announced yesterday that banks

foreign exchange market

The middle price of the US dollar to the RMB exchange rate was 6.5527, and the RMB against the US dollar reached a new high, which was 37 basis points higher than the previous trading day.

Maintain RMB exchange rate against the US dollar

Appreciation trend

At the same time, China's foreign exchange reserve assets also increased significantly.

According to the data released by the State Administration of Foreign Exchange yesterday, China's current account, capital and financial account of the balance of payments continued to show "double surplus" in 2010.

Among them, the current account surplus of US $305 billion 400 million, an increase of 17% over the previous year, a surplus of US $226 billion in capital and financial projects, an increase of 25%, and an increase of US $469 billion 600 million in foreign exchange reserve assets (excluding exchange rate, price and other non tradable value changes) in the IMF.

Reserve Position in IMF

The aggregate sum of SDRs increased by US $2 billion 200 million.