wholesale wood jewelry supplies Argentine currency conversion RMB

bags jewelry wholesale Argentina's currency is called peso
The Argentine peso exchange to the current exchange rate of RMB is 1: 2.6255, that is, 1 peso = 2.6255 yuan
will the RMB continue to depreciate? The trend is currently unclear. On December 15, 2008, the intermediate price of the RMB against the US dollar was 6.8442 yuan, and the intermediate price of the RMB to the US dollar exchange rate rose for 5 consecutive trading days. Since then, the current transaction price has touched the "limit" of four consecutive trading days, which is the first time since the reform. The sudden depreciation of the renminbi is not without reason. The current judgment has two types of market forces and central bank intervention. Based on the market forces, the RMB continues to appreciate unilaterally, and the appreciation is too large in the short term, and it needs to be corrected. For three years, the RMB appreciation has exceeded 20%, especially since August 2008, although the exchange rate of the RMB to the US dollar has basically remained unchanged, the RMB one basket of the RMB in the weighted calculation of trade has risen by about 10%. Secondly, at the same time, the currency exchange rate of emerging economies has depreciated sharply, which has put pressure on the RMB. Since August 2008, the Indian rupee and Brazil's Riar have depreciated nearly 20%of the US dollar, and Russian ruble depreciation has exceeded 8%. At the same time, currencies in emerging economies such as South Korea, Argentina, Eastern Europe, and Southeast Asia have also depreciated against the US dollar. In the case of depreciation of currencies in neighboring countries, the pressure of RMB depreciation has increased. Third, the central bank has a sharp interest rate cut 108 base points, and the interest difference between China and the United States has caused the possibility of hot money
exchange method
For those who newly join the foreign exchange trading market, it is difficult to understand a kind of The currency corresponds to the other currency corresponding to the price. However, when we exchange currencies, this becomes easy to understand. Let us give us a very simple example to explain it. Bottle Coca -Cola, how do traders know that £ 1 is equal to $ 1.5, 10 yuan or 1.2 euros.
In general, the price of currency represents the economic health of a city.
Is when Britain's economic situation is good, the value of the pound will become higher than other currencies. Therefore, when the pound is appreciated and every company in the UK, the government, and the individual investment of the pounds, everyone will want to get more pounds.
This means that when the British economy is better, the value of the pound is higher. In this way, the pound is more valuable than other economies. On the other hand, if the growth rate of the two countries is the same, their currency value may be the same, so their foreign exchange rate may remain unchanged.
Investors can predict the future trend by reading news and can invest in this currency through currency dealers. If the facts are better than expected, the currency will be appreciated and investors will be profitable.