February 10,, the yuan to the middle price breakthrough $6.30, 6.2937 for, to earn foreign exchange to a record high since. And a few days later, the yuan against the dollar in the middle price “6.2 times”. Compared with the other areas, the appreciation of the renminbi to yiwu undoubtedly, the influence of the is larger. Reporter in an interview that, in the face of the appreciation of the renminbi bring business cost pressure and export proceeds risks, yiwu trade enterprise although appear helpless, but still find a way to force the first line of the dragon “exchange rate close”.
RMB days go strong, phased devaluation expected to dissipate
The Chinaforeign exchange trading center released February 10 inter-bank foreign exchange market the RMB exchange rate the middle price display, 1 us dollar to RMB 6.2937 yuan. This not only makes yuan reform a record high since, is also the middle price broke for 6.30. The yuan into “6.2 times” shows that the market value of RMB stage expected level of torsion completely.
The days of going strong, closely linked with the international economic situation. Foreign exchange expert thinks, investigate its reason, main is Greek political will aid program reached an agreement, eliminate the investor concerns. The European central bank announced that keep interest rates unchanged, the bank ofEnglandexpand the scale of quantitative loose to jumpstart fragile economy, and lead to international markets fall in the dollar, the middle price and up.
The second half of last year since the beginning of the year, the yuan had last more than five months after the depreciation of the expected phase, and the central bank through the high open the middle price, clearly express the RMB will not be depreciated signal, have a grip on the yuan retaining control of the pricing, dismissed the intention of the RMB and do empty. In 2011, the dollar even more than the middle price pass and an important about 4.64% cumulative appreciation.
This round of RMB appreciation how long it will last? Overall judgment to see, the future is still floating the yuan two-way movements, the modest rise this year, increase in 3% less than, than last year will be significantly slow. After wide hair negotiable bank, according to a report issued by the second quarter rises RMB appreciation still have space, the whole year is expected to RMB appreciation in between 0-3%.
trade way to yiwu some enterprise “injury”
The yuan against the us dollar 1%, means that the enterprises to export products cost increased by 1%. Delve further into the bottom go to, exchange rate on the influence of various ways are not the same.
The appreciation of the renminbi to general trade influence is bigger, RMB appreciation against the dollar each 1%, general trade export enterprise will lose 1% of sales. And materials processing export enterprise is just part of the loss in manufaturing cost 1%, processing export enterprise instead for yuan appreciation can benefit in import links, and then to offset the loss of most of the export.
According to customs statistics, 2011 yiwu foreign trade import and export worth at $3.949 billion, an increase of 26.45%. Among them, the general trade accounts for most of the way. Therefore, yiwu trade enterprise will no doubt more sensitive to changes in the exchange rate.
Yiwu a plastic products export enterprise of foreign trade manager Huang HuaLi told reporters, last year’s some orders is because the appreciation of the renminbi and become “no profit”, the enterprise exports to the us part of the original product price under very low, and to the appreciation of the renminbi and some of the expected shortage, makes the enterprise was “hurt”.
yiwu enterprise is send force,Yiwu many foreign trade enterprise face the constant appreciation is also exploring some method.
More foreign trade enterprise operator that RMB exchange rate fluctuations in two-way, enterprise or to use financial derivatives, much currency settlement and cross-border RMB business away from exchange rate fluctuations of the risk.
Zhejiang shuang jia garment Co., LTD LvZhiFei general manager, said the RMB exchange rate changes to reduce the enterprise profits directly, therefore this year to reduce the cost of productivity in the upper and lower time, and, in a year on products quotation, still have to have a psychological expected, obligate good certain space to hedge the exchange rate to rise impact.
Yesterday iszhejiangremains light trade Co., LTD. ABrazilexport orders settlement of time. Fortunately, the company has set up a file in advance through the bank forward below writtens guarantee carry out assembles a business on the exchange rate. “Early in the months ahead, we will lock on the dollar in the bank settlement export.” That RMB exchange rate breakthrough of 6.3,zhejiangremains light trade limited company general manager SunXianHua in the mind is very “calm”, the move for enterprises to reduce certain loss of the exchange rate.
Use a related financial tools is to circumvent the appreciation of the renminbi risk a choice. Yiwu a toy foreign trade enterprise finance manager MaJin to tell reporters, faster RMB appreciation since last year, the company is taking the export trade this means loss reduction, reduce the loss of the exchange rate of about 60%.
China’s export credit insurance company of the Marketing Department yiwu closed “Suggestions, foreign trade enterprise to increase foreign trade negotiation skills, can be used for a long time order” and single “way to sign the staging, for long term cooperation best customers would make it agreed to share the exchange rate risk.
Commodity, itself is a kind of cheap goods, plus the yuan rise continuously, a businessman should learn to is a kind of easy, a kind of calm. This expression, actually should from the more flexibly using financial tools, more proactive in upgrade and higher value-added products have won, only in this way, the foreign trade business will flowering sesame successively high.
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