Does the depreciation of the US dollar affect the virtual curren
Publish: 2021-04-21 18:22:01
1. bitcoin is priced in US dollars. Bitcoin and the US dollar are in a reverse relationship.
2. There are both long-term and short-term contracts for micro computing power. It's flexible. You can choose by yourself, such as one month, three months, six months and one year. If the time is long, the income can be higher.
3. Bitcoin belongs to anonymous virtual currency, which is calculated based on regional chain. It is a global transaction number. The rise and fall of bitcoin will not have much impact on the US dollar or RMB, because they have no necessary connection and are not directly linked.
4. First of all, the current situation is that RMB is devalued against the US dollar. Other currencies have devalued against the US dollar for many years. That is to say, RMB has been appreciating against other currencies in the past year or two
secondly, judging from the future, the exchange rate of euro and pound sterling against the US dollar will graally strengthen, while the exchange rate of RMB against the US dollar is on the rise. My view is that in the next few years, the main currencies of RMB against the euro, yen and pound sterling will continue to depreciate, even by a large margin. As for the Australian dollar, the New Zealand dollar and the Canadian dollar, Singapore dollar, etc., the currency value and RMB will depreciate simultaneously.
secondly, judging from the future, the exchange rate of euro and pound sterling against the US dollar will graally strengthen, while the exchange rate of RMB against the US dollar is on the rise. My view is that in the next few years, the main currencies of RMB against the euro, yen and pound sterling will continue to depreciate, even by a large margin. As for the Australian dollar, the New Zealand dollar and the Canadian dollar, Singapore dollar, etc., the currency value and RMB will depreciate simultaneously.
5. Affected by unilateralism and trade protectionism measures and the expectation of imposing tariffs on China, the exchange rate of RMB against the US dollar today has depreciated, exceeding 7 yuan. However, the RMB continues to maintain stability and strength against a basket of currencies, which is a reflection of market supply and demand and fluctuations in the international foreign exchange market.
6.
1. The impact of currency appreciation on exports: restraining exports
if the currency of a country rises, then, relatively speaking, if the currency of other countries depreciates, the profits of exports will decrease. In this way, exporters may rece their exports to a certain extent
2. The impact of currency devaluation on exports: encourage exports
the devaluation of a country's currency, relative to the appreciation of other countries' currencies, will increase the profits of exports and make exporters active. From another point of view, it also means that domestic procts have a price advantage in the international market
for example:
for a commodity with the original price of RMB 100, the exchange rate of US dollar to RMB is 1 US dollar = 8 RMB yuan
assuming that RMB appreciation, 1 US dollar = 7 RMB, it means that the goods that foreigners originally spent 12.5 (100 / 8) US dollars to buy need 100 / 7 = 14 US dollars. For foreigners, this is a price increase
when the price of a thing rises, the purchase quantity will be controlled or even not purchased. This means that for the exporter, the demand decreases, and the export trade volume decreases naturally; After the appreciation of RMB, if the exporter wants to ensure that the importer can buy the original procts at the same price, without any policy support from the state, what the exporter can do is to rece his profit point, or even sell at a loss, so as to ensure the sales volume
extended data:
money can increase in value, the primary reason is that it is a form of capital, which can be put into the proction and operation of enterprises as capital. After a period of capital cycle, it will proce profits. This profit is the appreciation of money
therefore, if money is not involved in proction and operation, but is hidden on an isolated island like the treasure of pirates, it will not increase in value obviously
Network - currency appreciation
7. For the United States, the depreciation of the US dollar is concive to stimulating exports, promoting economic growth, and improving the trade deficit. However, for the world economy and international finance, the initial disorder of the international monetary system and global financial market turbulence caused by the depreciation of the US dollar will increase the overall risk. For China, which has not been directly impacted by the subprime mortgage crisis e to the incomplete opening of capital account, the depreciation of US dollar is having a negative impact on China's financial ecology through three channels. Moreover, in view of the fact that financial risk contagion is more rapid than real economy shock, the impact of US dollar depreciation on China's exchange rate system reform, monetary policy and asset price formation may be more obvious< Under the guidance of three principles of initiative, controllability and graalness, the market-oriented reform of China's exchange rate formation mechanism has achieved remarkable results in the past three years. However, the rapid depreciation of the US dollar aggravates the internal imbalance of the exchange rate structure. In 2007, RMB appreciated by 6.9% against the US dollar, 2.44% against the Japanese yen, and 3.75% against the euro. This shows that the formation of RMB exchange rate does not fully and truly reflect the change trend of the equilibrium exchange rate. Although the RMB exchange rate is adjusted with reference to a basket of currencies, the relationship between the US dollar exchange rate and the RMB exchange rate is still relatively close. The constant fall of the US dollar actually restricts the effective determination of the bilateral exchange rate between RMB and other currencies, which is not concive to the formation of the real relationship between supply and demand in the exchange rate market
in addition, although the devaluation of currencies against Africa and the United States is concive to the diversified development of China's foreign trade, e to the high volatility of the global foreign exchange market in this round of US dollar devaluation, this diversified path is relatively fragile. Once the euro value returns rationally, China's trade may encounter more complex exchange rate risks in the repeated structure< (2) the devaluation of the US dollar may offset the effect of China's monetary policy.
the structural effect of the exchange rate on global price stability is easily ignored by the market. In fact, it is an important factor determining the interaction of monetary policies and the allocation of inflation costs among countries. Since the outbreak of the subprime mortgage crisis, the Federal Reserve has cut interest rates sharply in order to save market confidence, ease the credit crunch and stimulate economic growth; At the same time, based on the possibility of economic growth turning from faster to overheated and the increase of inflation pressure, China's regulators have carried out a series of tightening operations by using a variety of monetary policy tools. At present, most people in the market focus on the role of the Federal Reserve Policy in offsetting the impact of the subprime mortgage. In fact, whether or not the easing policy of the Federal Reserve can save the U.S. economy, its external effects can not be ignored
according to the latest data of price indicators of the two countries, the depreciation of the US dollar has created a channel for the international transfer of inflation risk. On March 14, 2008, the CPI of the United States in February remained unchanged, with a year-on-year growth of 4.0%, both lower than expected; China's CPI rose 8.7% year-on-year on March 11, the highest monthly increase in more than 10 years. According to China's financial data released on March 12, RMB new loans in February totaled 243.4 billion yuan, a year-on-year decrease of 170.4 billion yuan; The balance of RMB loans grew by 15.73% year-on-year, 0.37% and 1.01% lower than that at the end of last year and January respectively, and the "tight credit" policy has begun to take effect. But at the same time, the inflation pressure is still increasing, one of the important reasons is that China's inflation contains many uncontrollable external factors. The depreciation of the US dollar has triggered the price surge in the international commodity market, increased the global inflation pressure, and thus worsened the external financial ecology of China's monetary policy regulation
a series of loose monetary policies of the US Federal Reserve have not brought about the monetary phenomenon of inflation, while a series of tight monetary policies of China have failed to restrain the price rise rapidly, which can be partly attributed to the fact that the loose monetary policy of the US has released the inflation risk outward rather than inward through the weak US dollar< (3) the depreciation of the US dollar is not concive to the rational formation of China's asset prices. The devaluation of the US dollar brings potential impact to the Chinese market through three channels: first, the devaluation of the US dollar reces the profit space of Chinese foreign trade enterprises through the exchange rate channel, which makes the asset prices rise continuously and lacks a strong material basis; Second, the devaluation of the US dollar has caused a great drag on the stock markets of Europe and the United States by undermining economic confidence, and China's market, which has been increasingly linked internationally, has also been affected by cross-border contagion; Third, the devaluation of the US dollar brings the risk of increased cross-border capital flows to the Chinese market by aggravating the global excess liquidity. Under the background of the weak US dollar, global capital lacking stable investment sites frequently flows in and out of various markets with large differences. As one of the largest emerging markets, China has been highly concerned by international capital, which greatly increases the difficulty of supervision, It makes the formation of China's asset prices subject to greater uncertainty
in short, the devaluation of the US dollar is exporting financial risks to the outside world. China should pay close attention to the impact of the devaluation of the US dollar and form a rational judgment on the future trend of the US dollar exchange rate, whether it is deliberately done by the US or not.
in addition, although the devaluation of currencies against Africa and the United States is concive to the diversified development of China's foreign trade, e to the high volatility of the global foreign exchange market in this round of US dollar devaluation, this diversified path is relatively fragile. Once the euro value returns rationally, China's trade may encounter more complex exchange rate risks in the repeated structure< (2) the devaluation of the US dollar may offset the effect of China's monetary policy.
the structural effect of the exchange rate on global price stability is easily ignored by the market. In fact, it is an important factor determining the interaction of monetary policies and the allocation of inflation costs among countries. Since the outbreak of the subprime mortgage crisis, the Federal Reserve has cut interest rates sharply in order to save market confidence, ease the credit crunch and stimulate economic growth; At the same time, based on the possibility of economic growth turning from faster to overheated and the increase of inflation pressure, China's regulators have carried out a series of tightening operations by using a variety of monetary policy tools. At present, most people in the market focus on the role of the Federal Reserve Policy in offsetting the impact of the subprime mortgage. In fact, whether or not the easing policy of the Federal Reserve can save the U.S. economy, its external effects can not be ignored
according to the latest data of price indicators of the two countries, the depreciation of the US dollar has created a channel for the international transfer of inflation risk. On March 14, 2008, the CPI of the United States in February remained unchanged, with a year-on-year growth of 4.0%, both lower than expected; China's CPI rose 8.7% year-on-year on March 11, the highest monthly increase in more than 10 years. According to China's financial data released on March 12, RMB new loans in February totaled 243.4 billion yuan, a year-on-year decrease of 170.4 billion yuan; The balance of RMB loans grew by 15.73% year-on-year, 0.37% and 1.01% lower than that at the end of last year and January respectively, and the "tight credit" policy has begun to take effect. But at the same time, the inflation pressure is still increasing, one of the important reasons is that China's inflation contains many uncontrollable external factors. The depreciation of the US dollar has triggered the price surge in the international commodity market, increased the global inflation pressure, and thus worsened the external financial ecology of China's monetary policy regulation
a series of loose monetary policies of the US Federal Reserve have not brought about the monetary phenomenon of inflation, while a series of tight monetary policies of China have failed to restrain the price rise rapidly, which can be partly attributed to the fact that the loose monetary policy of the US has released the inflation risk outward rather than inward through the weak US dollar< (3) the depreciation of the US dollar is not concive to the rational formation of China's asset prices. The devaluation of the US dollar brings potential impact to the Chinese market through three channels: first, the devaluation of the US dollar reces the profit space of Chinese foreign trade enterprises through the exchange rate channel, which makes the asset prices rise continuously and lacks a strong material basis; Second, the devaluation of the US dollar has caused a great drag on the stock markets of Europe and the United States by undermining economic confidence, and China's market, which has been increasingly linked internationally, has also been affected by cross-border contagion; Third, the devaluation of the US dollar brings the risk of increased cross-border capital flows to the Chinese market by aggravating the global excess liquidity. Under the background of the weak US dollar, global capital lacking stable investment sites frequently flows in and out of various markets with large differences. As one of the largest emerging markets, China has been highly concerned by international capital, which greatly increases the difficulty of supervision, It makes the formation of China's asset prices subject to greater uncertainty
in short, the devaluation of the US dollar is exporting financial risks to the outside world. China should pay close attention to the impact of the devaluation of the US dollar and form a rational judgment on the future trend of the US dollar exchange rate, whether it is deliberately done by the US or not.
8. Certainly, the depreciation of RMB is also affected by the US dollar, and the US dollar will have an impact on the market of precious metals, because precious metals are priced in US dollars. Therefore, the depreciation of RMB will affect the development of precious metals.
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