Research On The Influence Of The Two-way Fluctuation Of RMB Exchange Rate On China's Import And Export Trade

With the gradual improvement of China's opening to the outside world,every change of RMB exchange rate will affect China's international and domestic two markets,especially for China's import and export trade has a significant and far-reaching impact.After the 2015 "811"reform,the RMB exchange rate fluctuation more frequent,began to show two-way fluctuation,elasticity increase characteristics.Under the influence of this two-way fluctuation,the value of China's import and export of goods trade resumed growth in 2017,reached 27.79 trillion yuan,general trade import and export 15.66 trillion yuan,accounting for the total value of China's imports and exports 56.4%,compared with 2016 1.3%,the trade structure was optimized.In this context,the impact of the two-way fluctuation of RMB exchange rate on China's import and export trade has its important practical significance,in the field of international financial research also has theoretical value.This paper mainly aims at the two-way fluctuation of RMB exchange rate after the transfer,by referring to relevant literatures at home and abroad and collecting and collating the existing research results,analyzes the causes of the two-way fluctuation of RMB exchange rate,and then draws on the three kinds of historical and practical significance of the development process of the world currency.This paper analyzes the influence of the two-way fluctuation of RMB exchange rate on China's import and export trade,and concludes that the two-way fluctuation of RMB exchange rate has a long-term equilibrium effect on China's import and export trade.In the face of the complex two-way fluctuation of RMB and the present situation of the diversification of import and export trading partners,the article finally puts forward the adjustment of import and export trade structure,speeding up the convertibility of capital items and internationalization of RMB,industrial upgrading from fundamental to enhancing competitiveness,actively participating in Cross-border RMB trading,using financial instruments hedging We should strengthen the management of foreign currency assets and liabilities and choose foreign investment,so that we can better grasp the rhythm of RMB exchange rate fluctuation,rationally evade exchange rate risk and scientifically and efficiently deal with the new normal of the two-way fluctuation of RMB exchange rate.