A Research On The RMB Exchange Rate Fluctuation Impact On China's Export Commodity Structure

The exchange rate is a national currency to another currency prices,exchange rate is a country's economic activities in the most important comprehensive price index,in international finance and international trade activities in the implementation of the price conversion function,thus the regulation has become a car trade balance an important lever, exchange rate changes on a country's foreign trade balance with the domestic economic activity fluctuations have a profound impact.After subprime mortgage crisis, the economic downturn in developed countries,while China's economy maintain a good momentum of development, foreign trade also rapid development,but the international community is growing appreciation of the RMB.First of all the article on the theory of exchange rate changes affect the foreign trade made a brief exposition,then describes the history of the development of the RMB. The next analysis of the commodity structure of China's foreign trade and evolution of geography.Through analysis indicated that changes in real effective exchange rate has some impact,on the structure of China's tradeThe overall appreciation of the RMB on China's foreign trade impact is reflected in the structure of commodity:The real effective exchange rate has opposite direction with the primary products and labor-intensive products export structure In other words, the RMB real effective exchange rate appreciation would reduce the primary products and labor-intensive export products structure, enhance the capital-intensive export structure.According to empirical analysis of the relevant results,this paper proposes to improve the trade structure of China's export commodities, including exchange rate reform proposal and the proposal to upgrade the product structure. According to the empirical results, this paper finally put forward to improve our country export commodity structure of trade recommendations include the exchange rate reform proposals and suggestions to upgrade the product structure.