RMB exchange rate against US dollar rose rapidly again in the onshore and offshore market .
On September 29, after entering the night trading time, the spot exchange rate of RMB against US dollar successively recovered the 7.20, 7.19, 7.18, 7.17, 7.16, 7.15, 7.14 and 7.13 marks, up more than 1,000 points from the previous trading day.
RMB spot exchange rate against the US dollar closed at 7.2000 at 16:30, up 458 basis points from the previous trading day. The offshore RMB exchange rate against the US dollar, which reflects more expectations of international investors, also rose. The Wind data showed that the highest intraday appreciation was 7.1133, up from the intraday low of 7.2157 to the same exceeding 1,000 points.
On the evening of September 29, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, answered reporters' questions about the balance of payments situation since 2022: "Overall, the trend of continued recovery of the domestic economy in the future is certain, the determination to continue to expand high-level opening up is firm, the advantages of price stability are more obvious, the transformation and upgrading effects of manufacturing industry are gradually emerging, and the internal foundation of my country's balance of payments balance remains stable, which is also the fundamental support for the stability of my country's foreign exchange market and the RMB exchange rate of ."