Study on the Influential Factors of RMB Exchange Rate Fluctuation in COVID-19

Minze Li ()
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Minze Li: Capital University of Economics and Business, Beijing

A chapter in Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025), 2025, pp 134-141 from Springer

Abstract: Abstract This article mainly introduces that after the COVID-19, against the background of the devaluation of the RMB against the US dollar, through a series of economic theories, it analyzes some factors that lead to the devaluation of the RMB. The main factors are probably the income level of the people of the country and the national interest rate. At the same time, there are also some secondary reasons, such as the strengthening of the US dollar, the decline of exports after the epidemic, the national policy to control the low exchange rate to promote exports, and so on, which together constitute the devaluation of the RMB. Therefore, this article can explain the reasons for this phenomenon through a comprehensive theory, and it can be concluded that this depreciation is short-term, can rebound, and can be foreseen after a large-scale epidemic in the future. It can accumulate experience for the fluctuation of exchange rates. Similarly, some ideas for solving depreciation are also provided in the end.

Keywords: Depreciation; Exchange rate; Market consumption (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-748-9_16

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DOI: 10.2991/978-94-6463-748-9_16

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