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​In 2020, the #covid19 have been spreading globally, and the international financial market will experience substantial turbulence.

ጊዜ 2021-01-08 Hits: 5

In 2020, the #covid19 have been spreading globally, and the international financial market will experience substantial turbulence.

The exchange rate flexibility of the RMB continued to increase, but the overall trend was still relatively stable. The exchange rate of the RMB against the US dollar for the whole year showed an "N"-shaped trend of first rising, then falling and then rising.

Looking forward to 2021, China's international balance of payments is expected to continue to maintain its own balance, and the degree of exchange rate marketization will further increase.

While maintaining relatively high flexibility, the RMB exchange rate is expected to continue its two-way broad fluctuation trend.


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