There has been a significant weakening in China’s exchange rate in recent days. Although the spot rate against the dollar has moved by only about 1.3 per cent, this is actually a large move by the standards of this managed exchange rate. Furthermore, the move is in the opposite direction to the strengthening trend seen in the exchange rate over the past three years.
最近几日,人民币汇率出现大幅下挫。尽管人民币兑美元即期汇率仅仅下跌了约1.3%,但根据这种有管理的汇率制度标准,这种波动实际上是很剧烈的。另外,这一走势与过去3年人民币汇率的走强趋势相反。
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