On The Trend Of RMB Exchange Rate And Its Impact On National Economies

On the basis of impact that is arose under the condition that the RMB exchange rate changes, This paper analyses the relation between the rising of Er and many factors of domestic economy. It Expatiate on the meaning of keeping RMB ER stable in the situation of financial and economic reform.The paper does research on the history of the change ofRMB ER,investigate the crucial factors those decide or influence RMB ER. And analyses the mutual impact of many economic variation and exchange rate. At last, the paper draws a conclusion that RMB ER should be keeping stable on the ground of monetary and fiscal policy. And what is more, the paper probes into the consideration of next step or measure after keeping stable.