Analysis of Factors Influencing the Fluctuations in the RMB to US Dollar Exchange Rate
DOI:
https://doi.org/10.54097/fbem.v12i1.14084Keywords:
Exchange rate, Exchange rate fluctuations, Influencing factors.Abstract
This article is based on the 2022 exchange rate fluctuation curve of the RMB against the USD and analyzes the factors affecting the fluctuation of the RMB against the USD exchange rate. The analysis reveals that the main influencing factors on the exchange rate include domestic economic conditions, international factors, interest rate levels, international balance of payments, and the COVID-19 pandemic. Within the domestic economic environment, factors such as economic growth rate, social investment, consumer spending, employment situation, and inflation rate also play significant roles in influencing the RMB exchange rate. The analysis presented in this article holds significant practical significance for maintaining stability in China's foreign exchange market.
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References
Wang, X. (2023) "Improvements in the Foreign Exchange Market as Seen from the Changes in the RMB Exchange Rate in 2022." China Money Market, 260, 1-3.
Ji, Y. (2020). " Analysis of the Reasons for Changes in the Renminbi to US Dollar Exchange Rate and Its Impact Factors." China Agricultural Accounting, 9:53-54.
Geng, X. (2012) "Factors and Trends of the Renminbi Exchange Rate Against the US Dollar." China Securities and Futures, 11:219.
Liang, S. (2023) "A Review of the Renminbi Exchange Rate Trends in 2022 and Outlook for 2023." Macro Observations, 471:1-15.
Lu, L. (2009) "Analysis of Factors Affecting the Trends of Renminbi to US Dollar Exchange Rate." Financial Perspectives, 8:41-45.
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