Author(s)

Fenghuan Zhang

Corresponding Author

Fenghuan Zhang

Abstract

The RMB exchange rate has gone through currency appreciation and depreciation since the "811" exchange rate reform. This article is based on a detailed analysis of the reasons for the devaluation and appreciation RMB and suggests the future trend of the RMB exchange rate, that is, the RMB will not be brought onto a path of continuous depreciation, forming a long-term sharp devaluation. It’s more likely that the RMB exchange rate remains mostly stable within a reasonable and balanced range, but there is the potential for wide fluctuation.

Keywords

Future Trend of RMB; Exchange Rate; Depreciation Pressure