Economics, Econometrics and Finance
6 years ago

Study Reveals Factors Influencing RMB Exchange Rate Trend, Impacting Global Economies

Journal of Physics Conference Series
Analysis of Influencing Factors of RMB Exchange Rate Trend Based on Least Square Method
Lin Li, Fuchen Pan, Chaobo Wang

Paper Summary

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The article analyzes factors influencing the RMB exchange rate trend using the least square method. The study finds that the balance of payments, commodity prices, and the dollar-RMB exchange rate have a negative correlation. On the other hand, inflation, GDP, foreign exchange reserves, and the dollar-RMB exchange rate have a positive correlation.