Whether The Exchange Rate Has Stirred Up The Heartstrings Of Foreign Trade Enterprises

Since entering October, the central parity of the RMB exchange rate has fallen below the 6.7 pass, and then continued to fall, even hitting a new low this year.

In October 26th, the central parity of the RMB exchange rate was 6.7705, an appreciation of 39 basis points, the first increase in 4 days.

What are the effects of the RMB exchange rate fluctuation on foreign trade enterprises? What is the foreign trade enterprise's view on the RMB basket of the special drawing rights (SDR) since October 1st? What are the new expectations for RMB settlement in the future?

In the 120th session

Zheng Jianlin, general manager of Guangdong Dongbao Group Co., Ltd., told reporters that at present, the company mainly uses the US dollar in the foreign trade settlement. On the one hand, the global market has a certain "dependence" on the US dollar. Using the US dollar as the settlement currency has become a habit. On the other hand, the stability of the RMB exchange rate needs to be improved.

"RMB basket entry" is a good thing for foreign trade enterprises. The use of RMB settlement helps enterprises prevent exchange rate fluctuations, but large-scale use.

It may take some time to settle. "

Zheng Jianlin said frankly.

Huang Ming, manager of overseas sales manager of Le Neng Toys Co., Ltd., Chenghai District, Shantou, Guangdong, said that the impact of RMB exchange rate fluctuations on the company is limited. The company will convene regular meetings to discuss the fluctuation of the RMB exchange rate and formulate relevant risk prevention measures and countermeasures.

Turning to the "basket" of the renminbi, Huang Ming said, "this is the renminbi."

In the process of landmark events, we also very much hope that the RMB will soon become a widely used settlement currency.

Chen Zukun, deputy general manager of Shandong Yinfeng Limited by Share Ltd and director of import and export department, said that there are not many clients willing to accept RMB settlement, and the company still uses the US dollar as the main settlement currency.

The use of RMB as settlement currency is very convenient for domestic and foreign trade enterprises, but there are still some inconveniences for overseas customers.

The recent devaluation of the RMB is beneficial to the export business of the company. Meanwhile, more customers are actively discussing with the company about the use of RMB settlement.