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The exchange rate of usd to RMB fell below 6.38!

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2018-01-25
The RMB rose 95 basis points against the dollar to 6.3715, the highest level since December 7, 2015, the highest since December 4, 2015. The previous session was quoted at 6.4009, 16:30 closing price at 6.4042, and 6.4084 at 23:30.

However, the rise of the RMB exchange rate has raised concerns about the export trade. The change in the value of the RMB exchange rate and the size of China's foreign trade is not a simple cause and effect relationship, but whether there is a unilateral panic.

Exchange rate is one of the main factors affecting trade. As to how much the exchange rate will affect trade, it will be hard to measure! Many foreign trade business owners are on the sidelines holding forward drafts, now falling continuously. The cost of foreign trade is higher and higher, the profit is lower and lower.This is really a bad news for us China surgical mask manufacturers,China disposable clothing manufacturers and China disposable suit manufacturers.