Empirical Study To The Impact Of RMB Exchange Rate Volatility On Hebei Economic

With the development of global economic integration,various countries'foreign trade has become more and more frequent. As one of the important factors of influencing foreign trade, the exchange rate inevitably has a significant impact on national economic growth, so the research of economic impact of the exchange rate volatility is paid close attention to all countries. HeBei Province participate in international economic and trade become more and more frequent, scale become more and more large, the impact degree of RMB exchange rate's volatility on HeBei economic will become more and more large, HeBei's export-oriented economy is also growing up.In the method of theoretical analysis and empirical analysis, this paper analyzes the impact of RMB exchange rate volatility on HeBei import and export trade and foreign direct investment from the current account and the capital account, and draws a conclusion the RMB real effective exchange rate has a stable long term equilibrium with HeBei foreign trade payment and foreign direct investment. The rising of RMB real effective exchange rate is unfavorable for developing HeBei's foreign trade and attracting foreign investment. In addition, this paper also analyzes the impact of RMB real effective exchange rate volatility on HeBei GDP, and draws a conclusion the RMB real effective exchange rate has a stable long term equilibrium with HeBei GDP, the rising of RMB real effective exchange rate will result in HeBei'GDP decreasing and is bad for HeBei's economy growth. At last, this paper summary the conclusions and put forward the countermeasure proposal.