RMB Exchange Rate Stumbling, Outbound Travel Costs Continue To Rise

< p > 28, the reporter visited to understand that the RMB continued to < a href= "//www.sjfzxm.com/news/index_cj.asp" > devaluation < /a > means that study abroad and tourism face greater a href= "//www.sjfzxm.com/news/index_cj.asp" > economic pressure < /a >.

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< p > < strong > for 50 thousand US dollars and flowers 8 thousand < /strong > /p >

< p > since February this year, the RMB exchange rate has been rising for nearly 10 years, and there has been a rapid devaluation.

So far, the exchange rate of RMB against the US dollar has depreciated by 3.4% in the market, compared with 2.91% in the whole year, and the year-round increase in last year.

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Ms. P calculated the amount of money: in January 2nd this year, the central parity of RMB against the US dollar was 6.0990, and that for us $50 thousand needed 300 thousand and 450 yuan. In May 27th, the central parity of the RMB exchange rate was 6.1687 yuan, and the 50 thousand US dollar needed 308 thousand and 435 yuan.

Compared to January, it will cost 7985 yuan more.

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< p > < strong > outbound travel expenses should be raised < /strong > < /p >.

< p > "summer vacation outbound travel expenses will rise, the main reason is the coming of the peak season, followed by the rising cost of RMB depreciation."

Zou Zhipeng, director of the outbound Department of Jiangxi branch of global travel, told reporters that the European and Australian tours were settled in US dollars. Since the group fee has not yet been adjusted, the Australian line has increased by nearly 4000 yuan a month, and Europe has increased by 3000 yuan.

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< p > < strong > three ways to teach you to reduce expenses < /strong > /p >

< p > under the situation of depreciation of "a href=" //www.sjfzxm.com/news/index_cj.asp "RMB > /a", how to save money for consumption abroad? Kim Gillet, head of studying abroad in Jiangxi Province, suggests that three measures can appropriately reduce exchange rate cost.

First, exchange foreign currency in advance.

When going out for consumption, using local currency is not only convenient, but also avoids the exchange of higher fees at the local level; secondly, overseas credit cards should go to the passageway, such as holding dual currency credit cards in foreign consumption, we should know whether they can support the UnionPay and international cards; third, we should also pay attention to whether the automatic repurchase repayments are authorized.

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< p > related links: < /p >

< p > 28, the spot exchange rate of RMB opened at 6.2521, which was 35 basis points lower than the closing price of the previous trading day 6.2486.

Intraday trading fell to 6.2621, closing at 6.2556, down 64 basis points from the previous day's closing price.

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This year, the spot exchange rate of RMB against the US dollar has depreciated by about 3%. < p >

Analysts pointed out that the RMB exchange rate decline is the result of slowing domestic economic growth, foreign trade downturn, the US economic recovery and cross-border capital fluctuations.

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< p > according to foreign media reports, traders said that most banks in the early morning of Wednesday were making more dollars in the purchase of foreign exchange, so that the RMB would be derogated quickly. If not for Chinese big banks to sell dollars, the yuan may have broken through the low point of the year.

But it is hard to tell whether the selling dollar is the reverse intervention of regulators.

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< p > "some say it's a reverse intervention. Some say it's a hard nut to crack, and there's always a bull in the front."

A share trader said.

This also shows that the market is still divided on the direction of the future market.

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When the RMB depreciated rapidly in early trading, the market atmosphere was very high. Traders were worried about reverse intervention when they did more than $p.

Many traders could not spare time to answer the interview. A foreign trader trader said frankly, "buddy is busy now, I'll talk about it later, and play with my life!" < /p >