May RMB Real effective exchange rate depreciation 2.49% even fall in March

The renminbi's real effective exchange rate has depreciated for the 3rd consecutive month this year. The renminbi's real effective exchange rate index was 119.46 in May and 2.49% per cent in the chain, according to data released by the BIS 16th.　　At the end of May, the real effective exchange rate of RMB depreciated by 1.45%. In May, the renminbi had a total devaluation against other major currencies.　　At the end of May, the renminbi depreciated by 0.11% against the dollar, a 5.13% devaluation against the euro, a 2.89% depreciation on the yen, a 0.08% depreciation on the currency and a 7.92% per pound devaluation. Analysts pointed out that the recent renminbi exchange rate market continued in the early days with the international market small fluctuations in the trend of the dollar, inquiry market volatility has increased, but the overall still dominated by stability.　　Although the renminbi appreciation is expected to rise, the renminbi overseas market began to rise sharply, but combined with economic stability and promote export needs, the possibility of a sharp appreciation of the renminbi in the year is unlikely. May, the RMB nominal effective exchange rate index is 117.59, the chain depreciation 2.69%.