The Exchange Rate Of RMB Against The US Dollar Has Returned To The Prefix 6

On December 5th, the onshore and offshore RMB exchange rates rose strongly against the US dollar, both of which recovered the "7" mark. This is the first time since the RMB exchange rate "broke 7" in mid-September this year, it has returned to the "6" prefix.

According to the data of Wind, as of 22: 40 pm on December 5th, Beijing time, the onshore RMB exchange rate against the US dollar rose by more than 900 basis points in the day, with an increase of 1.29%, reaching a maximum of 6.9440; The offshore RMB exchange rate against the US dollar, which reflects the expectations of more international investors, also rose by more than 800 basis points in the day, reaching 6.9306 at the highest. Both onshore and offshore RMB exchange rates against the US dollar rose above the "6.95" mark.

The strong rebound of RMB exchange rate against the US dollar has been going on for some time. On the whole, the onshore RMB exchange rate against the US dollar has closed up in the last four trading days, with an increase of 4.69% since November, exceeding 3,400 basis points.

In addition, according to the data of China Foreign Exchange Trading Center, on December 5th, the central parity rate of RMB against USD was reported at 7.0384, up 158 basis points from the previous value. From November 1st to December 5th, the central parity of RMB against the US dollar rose by 1697 points.

In the last month of 2022, all the salesmen were sprinting for their performance, and the exchange rate of RMB against the US dollar rose. This situation indicates that the RMB may continue to appreciate. For our foreign trade, it may affect the sales of our product other storage boxes & bins company, portable nylon hammock and retractable stool Factory Supply. Next, we may encounter greater challenges. It is the company's aim to face difficulties, and we will work hard!