The exchange rate depreciation and the revaluation, can a country economic development as well as the macroeconomic regulation and control important support function. on July 21, 2005, the People's Bank of China issues the announcement saying that starting from today, the RMB rate no longer fixes the eyes on sole US dollar, but implements take the market supply and demand as the foundation, refers to a basket currency to carry on the adjustment, to have the management floating exchange rate system. This RMB rate system reform will certainly to the RMB rate trend, the Central authorities macroeconomic regulation and control, the Chinese economic development and people's life has the major impact. How to understand that the RMB rate under the new exchange rate system's fluctuation characteristic is question which this article is going to reply briefly The opening macro economic's goal is internal balanced and the foreign balanced proper attention to both, the domestic economy policy-making needs to consider and between the exchange rate level mutual influence. Looked from the present policy choice that the home implements the stable monetary policy, to a certain extent already needs, also will accomplish one stable exchange rate level. And readjustment of interest rate's possibility has surpassed the readjustment of interest rate possibility greatly. This article has analyzed the RMB rate with other exchange rate relatedness, around as well as the RMB rate system choice's model, the article selected separately has collected changes the sample to carry on the examination, and compared the result. Then obtained the rule to the past 20 year RMB rate depreciation's historical review. Finally according to the real diagnosis result, collected to the Renminbi changes put forward the proposal, and has carried on the forecast to the RMB rate system's future. 应该是这样！
niuzhirong
