The Demonstration Investigate To The Equilibrium Rate Of Exchange Of RMB And The Comprehensive Research Of Appreciating Of RMB

Since 2002, the exchange rate of RMB faces coming from heavier and heavier appreciation pressure both at home and abroad, the theory circle also appreciate and launch the fierce discussion around RMB too. This text, through using co-integration method and carrying on the demonstration investigate to the equilibrium rate of exchange of RMB through EVIEWS statistical software, have made objective appraisal on present RMB exchange rate level, analyse RMB appreciate pros and cons two respect in our country influence and combine concrete national conditions of our country and Draw the conclusion that RMB should not appreciate now.Have introduced the theory of equilibrium rate of exchange and several kinds of main methods to calculate equilibrium rate of exchange at first in the article, it is analysed that various kinds of calculate the similarities and differences of methods , has explained and calculated the equilibrium rate of exchange to our country's present realistic meaning.This text enters quantitative research stage, use co-integration method and EVIEWS statistical software,to count the equilibrium rate of exchange of RMB afterwards, judge whether underestimated objective appraisal to the present exchange rate level through the result of demonstration.And then is it determine the nature stage of studying to change over to, this stationery body analyse RMB appreciation reason behind pressure and appreciate pros and cons in our country influence, and the actual conditions of combining our country propose that RMB should not appreciate at present.It is a conclusion part finally, the analysis on the above is summarized , draw at present RMB should not appreciate , and should take measures to dispel the conclusion of the appreciation pressure.