Today, the central parity rate of the RMB against the US dollar was reported at 6.8929, depreciating by 49 basis points from the previous trading day, continuing the recent trend of slight fluctuations. On April 2nd, the central parity rate of the RMB against the US dollar was raised by 145 basis points to 6.8880. In the short term, the exchange rate showed a two-way fluctuation characteristic, mainly affected by factors such as the trend of the US dollar in the international market and geopolitics.

From the market performance, the RMB exchange rate has remained stable overall recently, with fluctuations within a reasonable range. With the continuous improvement of the domestic economy and the sustained resilience of foreign trade, it has provided strong support for the RMB exchange rate. At the same time, external factors such as the Fed’s policy direction and geopolitical conflicts in the Middle East have also caused certain disturbances to the exchange rate, and the market’s expectations for the RMB exchange rate are generally stable.

For enterprises, slight fluctuations in the exchange rate may bring certain exchange rate risks. It is recommended to reasonably use exchange rate risk management tools to reduce the impact of exchange rate fluctuations on operations. For investors, they can focus on the impact of exchange rate changes on import and export enterprises and cross-border financial sectors, and adjust their investment layout in combination with the overall market environment. Many institutions said that the RMB exchange rate will continue to fluctuate in two directions in the short term, and still has a stable foundation in the long run.