What is the reason why the RMB exchange rate hit the down limit six times in a row? Ask the master to explain.

Over the years, the RMB exchange rate has appreciated a lot. . .

Well, why is the exchange rate falling now? There are probably the following reasons:

1) export factors. Because the world economy is very depressed, especially the impact of the European debt crisis, the purchasing power of foreign countries has decreased and the demand has decreased a lot. As a result, the volume of foreign trade exports has fallen sharply, and it is expected that there will be a recession in 20 12 next year, and the inflow of US dollars will be greatly reduced. At the same time, domestic prices have risen, labor costs have also increased, the prices of export products have also risen, and the profits of foreign importers have decreased accordingly.

2) Import factors. Over the years, China has gradually expanded its imports, including oil imports and American products imports.

3) Immigration factors and overseas investment. The expectation of falling house prices and the sluggish business operation have caused some rich people and entrepreneurs to emigrate abroad with a lot of money. In recent years, many enterprises have gradually set up factories overseas and made various foreign investments.

So these reasons, to a great extent, prompted the RMB to depreciate, rather than continue to appreciate, and it has fallen for six consecutive days.