Core Viewpoint - The recent fluctuations in the RMB to USD exchange rate indicate a generally strong performance despite minor adjustments, with a focus on stabilizing the CFETS index and other currency baskets [1][2]. Exchange Rate Trends - On November 11, the RMB to USD central parity rate was reported at 7.0866, a decrease of 10 basis points from the previous day [1]. - Since breaking the 7.1 mark on October 15, the RMB has maintained a strong performance, with a peak of 7.0836 on November 7, the highest since October 16, 2024 [1]. - The CFETS RMB exchange rate index reached 97.96, the BIS index was at 104.19, and the SDR index was at 92.34, all marking new highs since mid-April [1]. Influencing Factors - The recent slight depreciation of the RMB against the USD is attributed to a small increase in the USD index, which rose by 0.17% last week [2]. - The USD index closed at 99.6202 on November 10 and peaked at 99.739 on November 11 [2]. - Despite external pressures, domestic economic policies are expected to provide support for the RMB, ensuring stability in the fourth quarter [2]. Future Outlook - The RMB is anticipated to exhibit a mild appreciation next year, provided that exports do not experience unexpected changes [3].
人民币汇率整体保持稳中偏强运行态势
Zheng Quan Ri Bao·2025-11-11 16:24