htmlOn October 19, the RMB exchange rate against the US dollar fell below the 7.23, 7.24, 7.25, 7.26 and 7.27 marks in succession. Everyone is analyzing the market and affirmatively believes that exchange rate will definitely break the 7.3 mark.
Onshore RMB exchange rate against the US dollar continued to decline. On October 25, it closed below the 7.3 mark, which means that 1 US dollar was exchanged for RMB 7.3. Facts have proved that everyone has analyzed it very accurately. This time it was the highest exchange rate since 2008.
The current cross-border e-commerce costs are getting higher and higher, and logistics and transportation costs are expensive, advertising costs are also expensive, and the cost of raw materials is also expensive. In addition, the low-price inversion of peers has forced themselves to follow the trend and reduce the price, which directly compressed 's profit . Now the rise in exchange rate has made sellers' hands a little loose.
So, have you withdrawn at the 7.3 exchange rate?
Some people think that the 7.3 exchange rate can be withdrawn, while others think that the exchange rate still has room for upward. The idea is good, but the country will never allow the RMB to depreciate in the short term. , the central bank, , once again took action to stabilize the market, depreciating by 438 basis points, the lowest since mid-February 2008.
html Since September, the central bank has taken three moves to open the exchange rate stabilization toolbox. No matter which period the seller chooses to settle the foreign exchange, it must be decided based on his cash flow .
Some sellers bluntly said: My order is sluggish and the exchange rate has nothing to do with me. When the order is over, the exchange rate will be low, and I feel that I have no chance to get rich.
Even so, sellers should consider how to increase their order volume, find a breakthrough in major festivals such as Thanksgiving, Halloween, and Christmas, and introduce more traffic. There will always be a single day that belongs to you.
This year, Amazon stocking is a very severe test. Although the exchange rate rises, once the stocking is too much, the sudden drop in the exchange rate will be incalculable.
Some people have this question, why is it still valuable if the US dollar has been printed so much?
USD hegemony. Former US Treasury Secretary Connery once said: "Our dollar, your trouble."
Generally speaking, if you keep spending money and "releasing water" wildly, money will definitely not be worthwhile. But the key problem is that the US dollar occupies an absolute monopoly in various fields such as global trade, payment, finance, and foreign exchange reserves.
So, the "water" released by the Federal Reserve is actually digested by the world. The Federal Reserve can control the flow of "water" and the price of the US dollar through hikes and lower interest rates. Since the beginning of this year, the appreciation of the US dollar has begun to raise interest rates after responding to the "big release" of the epidemic in the early stage. The US dollar returned to the local market, pushing up the price of the US dollar.
No matter how the US dollar increases, the central bank will always be the strong backing for everyone. In addition to the foreign exchange risk reserve ratio that has been launched, the central bank's tools to prevent rapid exchange rate depreciation include the countercyclical factor , the financial institution foreign exchange deposit reserve ratio, and the macro-prudential coefficient of cross-border investment and financing.
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