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International Journal of Social Sciences and Economic Management, 2023, 4(1); doi: 10.38007/IJSSEM.2023.040105.

Analysis of Recent RMB Exchange Rate Movements


Yu Qi

Corresponding Author:
Yu Qi

Dalian University of Foreign Languages, Dalian, Liaoning, China


The RMB exchange rate has been subject to two pressures - economic downturn and the powerful US dollar - causing it to fluctuate around 7, and even breach the 7 mark at times. This shift has had a considerable impact on both personal and societal life, and the financial market may be subject to further alterations in the days ahead. As a result of the fluctuations in the international financial market, the RMB exchange rate has generally exhibited two-way fluctuations and a slight recovery. The state strengthens the supervision of the exchange rate market, promotes the quality growth of the economy, enhances the convenience of foreign trade, realizes the high-quality development of the national production and life, and pushes the economy to realize the qualitative and effective enhancement and quantitative and reasonable growth.


Introducing Exchange Rate Changes, Economic Situation, International Trade

Cite This Paper

Yu Qi. Analysis of Recent RMB Exchange Rate Movements. International Journal of Social Sciences and Economic Management (2023), Vol. 4, Issue 1: 48-53. https://doi.org/10.38007/IJSSEM.2023.040105.


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