.1980's Won The Appreciation Of The Economic Impact Study

The People's Bank of China, with authorization of the State Council, made the announcement at July 21, 2005 that starting from that day, China will reform the exchange rate regime by moving into a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies. RMB will no longer be pegged to the US dollar and the RMB exchange rate regime will be improved with greater flexibility. The exchange rate of the US dollar against the RMB will be adjusted to 8.11 Yuan per US dollar at the time of 19:00 hours of July 21, 2005. Absolutely, the appreciation of currency will have influence on the macro and micro economy. So it is urgent to research the influence of RMB appreciation on Chinese economy.This thesis focuses on the currency appreciation process in Korean in the nineteen eighties. After analyzing the social and economics background, the thesis discloses the reason of currency appreciation in Korean at that time. Based on the movement history of Korean foreign exchange rate regime, the thesis describes the currency appreciation process and the corresponding measures taken by the government in Korean at that time.Based on the above description and analysis, the thesis compares the social and economics background before currency appreciation of Chinese Yuan with Korean Won and put five points of revelations based on the Korean's experiences and lectures during the currency appreciation process.