The Exchange Rate Enters The "6.4" Interval &Nbsp, And Moves The Fragile Export Trade Nerves.

"This year

On the last trading day in April, the central parity of RMB against the US dollar exceeded 6.50.

In 2010, the appreciation rate of RMB against the US dollar was 3.1%.

A survey shows that less than 1/4 of the cost of RMB appreciation can be passed on to merchants, and most of them are absorbed by export enterprises.

"The exchange rate of RMB against the US dollar has risen again. This month, our company lost about 100000 yuan because of the appreciation of the exchange rate."

The day before yesterday, Wan Xiaoying, a foreign trade manager of an import and export company in Xiaoshan District, pointed to a pile of shoes in the workshop and said with a little reluctantly.

On the day when the exchange rate rose to 6.5, she just sent a shipment to Sweden, nearly 500 thousand dollars.

That's the list that was taken in January this year, when the exchange rate was still around 6.6, and Wan Xiaoying's company also expected that the yuan would continue to appreciate, and the price to be paid to customers would be 6.5.

"Now it seems that this advance estimate is still a little low."

Wan Xiaoying said that because the T/T was adopted, the client paid only 30% of the deposit, and the remaining 70% had to wait until the other side saw the bill of lading.

Such a rapid appreciation will directly affect the settlement price when the product is exported.

"At that time, the price of the exchange rate was resigned to fate."

Wan Xiaoying had a strange taste when he handed the delivery order.

Recently, she also took some bills, taking into account all the factors of rising cost pressure and exchange rate fluctuations. She wanted to communicate with a number of regular customers, whether she could make concessions on the price or make more advance on the exchange rate, but several rounds turned out to be very difficult.

"Exchange rate agreement 6.4 is almost their bottom line."

Wan Xiaoying was deeply touched by the fact that he was an old customer for nearly ten years. He was very easy-going in private, but when it comes to price, he never lets go.

Let Wan Xiaoying a little bit of a joke, a cotton shirt out of the price of 6.235 U.S. dollars, usually according to four homes five entry, according to 6.24 dollars to calculate, now some customers are very calculating, must be accurate to a few points, a little penny will not give in.

"Foreign buyers still have the initiative, and they will find another home if they do not agree."

Wan Xiaoying said that the number of new orders increased very little over the past two years, almost relying on old customers.

Besides the domestic counterparts, the biggest threat now is Southeast Asian countries. Because of the obvious advantages of labor cost, some customers have shifted some simple styles of garment sheets to the other side.

In the interview, many foreign trade enterprises also have the same feeling: we anticipate the appreciation earlier, and raise the quotation accordingly, but we still can not catch up with the pace of appreciation.

The Ministry of Commerce has publicly stated that the average profit margin of China's export enterprises in 2010 was 1.47%, and the profit margin of export enterprises dropped to 1.44% from 1 to February this year.

Zhang Yansheng, director of the Foreign Economic Research Institute of the national development and Reform Commission, has publicly stated that if the RMB appreciates rapidly, 20% of the small and medium enterprises may die, and 20% of the enterprises can basically achieve industrial upgrading through efforts, and 60% of the enterprises may linger on the edge of pformation.