RMB hits new high against USD after breaking 7.79 mark |
文章来源： 文章作者： 发布时间：2007-01-17 06:30 字体： [ 大 中 小] 进入论坛 |
(单词翻译:双击或拖选)
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| BEIJING, Jan. 16 - The value of the Renminbi (RMB) yuan against the U.S. dollar hit a new high on Tuesday with a central parity1 rate of 7.7895 yuan to one dollar, according to the Chinese Foreign Exchange Trade System.
The new high follows a previous record of 7.7938 yuan to one dollar on Monday.
Tuesday's exchange rate also marked a new high of 0.99886 yuan to one Hong Kong dollar.
The value of the Renminbi (RMB) yuan overtook the HK dollar on Monday for the first time in history, with a central parity rate of 0.99945 yuan to one HK dollar.
Experts have ascribed the continuous appreciation2 of the RMB to China's growing trade surplus and foreign exchange reserves.
The country's trade surplus last year soared 74 percent to a record 177.47 billion U.S. dollars.
China's foreign exchange reserve reached 1.0663 trillion U.S. dollars at the end of 2006, announced the People's Bank of China on Monday.
The figure rose 30.22 percent over that at the end of 2005. And it was the first time that China's foreign exchange reserve exceeded one trillion U.S. dollars, according to the central bank.
A temporary peak of personal foreign exchange settlements from overseas Chinese also contributed to the appreciation of RMB, said forex analyst3 with the Bank of Communications.
The analyst said as the traditional Spring Festival, China's New Year, approaches, many overseas Chinese including students studying abroad began remitting4 money to relatives or friends in China.
The RMB has risen by more than 4 percent since China's reform of the exchange rate system on July 21, 2005, which allowed the yuan to float against the U.S. dollar within a daily 0.3 percent band from the official central parity rate.
The State Information Center has predicted an appreciation of three to four percent this year, given the country's trade surplus and foreign exchange reserves are set to go on rising.
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点击  收听单词发音
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1
parity
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| n.平价，等价，比价，对等 |
参考例句： |
- The two currencies have now reached parity.这两种货币现已达到同等价值。
- Women have yet to achieve wage or occupational parity in many fields.女性在很多领域还没能争取到薪金、职位方面的平等。
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2
appreciation
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| n.评价；欣赏；感谢；领会，理解；价格上涨 |
参考例句： |
- I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
- I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
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3
analyst
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| n.分析家，化验员；心理分析学家 |
参考例句： |
- What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
- The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
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4
remitting
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| v.免除（债务），宽恕( remit的现在分词 )；使某事缓和；寄回，传送 |
参考例句： |
- You should fill in the money order carefully before remitting money. 在办理汇款业务前，应准确填写汇款单。
- Please wait for invoice detailing shipping costs before remitting your payment. 汇款前请为您的付款详细运费发票等。
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