US Dollar Against The RMB Exchange Rate Is Reasonable Research

With the accelerated internationalization of the RMB, RMB exchange rate issue has become more prominent, and the United States as the world’s largest economy, the yuan-dollar exchange rate issue has become a problem of concern to the majority of scholars, the RMB against the US dollar future expectations, appreciation are the majority of scholars and economists in recent years of practical research as a focus of the depreciation of the space.This paper mainly interest rate parity, purchasing power parity theory,the use of unit root test,VAR model,cointegration,error correction model to 2005-2015 yuan-dollar exchange rate to test test study results show that:the use of interest rate 2005-2015 parity of RMB against the US dollar compared with the use of purchasing power parity test to test more applicable; in addition, we further use of interest rate evaluation model 2016 against the dollar trading range were predicted, forecast volatility during the year during value of 6.58-6.82. According to the study, this paper argues should promote and improve the RMB exchange rate regime from further expand the fluctuation range of the RMB exchange rate, speeding up the opening of international capital in and out of the channel and improve the interest rate reform and other aspects of progress.