The exchange rate of RMB against the US dollar fell on both the onshore and offshore markets on May 22.
On the onshore market, the exchange rate of RMB against the US dollar fell on May 22 after opening at 7.1141, successively falling below the 7.12 and 7.13 barriers, and the lowest reported at 7.1322, which was higher than the previous day’s closing The price fell by more than 300 basis points, a new low since October 2019. On the previous trading day, the official closing price of the spot exchange rate of RMB against the US dollar was reported at 7.0998, and at night it closed at 7.1166.
More reflects the expectations of international investors that the offshore RMB to US dollar exchange rate also fell slightly.
More reflects the expectations of international investors that the offshore RMB to US dollar exchange rate also fell slightly.
After the offshore RMB exchange rate against the US dollar opened at 7.1339 on May 22, it successively fell below the 7.14 and 7.15 barriers, with a minimum of 7.1502.
According to data from the China Foreign Exchange Trading Center, the central parity of the RMB against the US dollar fell by 71 basis points to 7.0939 on May 22.
According to data from the China Foreign Exchange Trading Center, the central parity of the RMB against the US dollar fell by 71 basis points to 7.0939 on May 22.
The 2020 government work report puts forward that the RMB exchange rate should be kept basically stable at a reasonable and balanced level.
Chen Yulu, member of the National Committee of the Chinese People ’s Political Consultative Conference, deputy director of the Economic Committee, and deputy governor of the People ’s Bank of China, said in an interview with the media that China is facing the turmoil in the global financial market The decline in the stock market was significantly lower than in other countries. The RMB exchange rate fluctuated in both directions, and market expectations were stable.