The Impact Of The Fluctuations Of RMB Enchange Rate On The Import And Export Of Beijing-Jianjin-Hehei

With the development of economic globalization towards a wider and deeper level, bilateral trade and multilateral trade between countries become the runoff of a nation’s economic development. The exchange rate, as an important factor of influence of foreign trade, is related to a country’s international competitiveness of products and the import and export trade profit and loss, get the extensive concern of governments and scholars. For the first time in 2013, China overtook the US to become the world’s largest trading nation, goods import and export as much as $4.16 trillion,and 46% of external dependency, therefore foreign trade is very important to the development of China’s national economy,and the trade effect of RMB exchange rate on China’s economy has important practical significance.Exchange rate system reform in 1994 is the first real exchange rate reform in our country, on the basis of market supply and demand of the floating exchange rate system more in line with the requirements of market economy, opens up a trip to the appreciation of the renminbi. In nearly a decade of slow appreciation process, obtained the huge development, our foreign trade export commodities with its price advantage won the broad market, however, have been to the United States, Japan and other developed market economy to withstand, calls for the appreciation of the RMB rising, our country give up $2005 as an indicator, began to practice the peg to a basket of currencies, a more flexible exchange rate formation mechanism, at the same time, ushered in a faster appreciation of the yuan period in our country. In recent years, with the acceleration of RMB exchange rate marketization and RMB exchange rate hit the "6.1" mark in 2013, after the end of the acceleration, the trend of unilateral appreciation against the dollar, bilateral features more obvious by the fluctuation of the import and export trade bring new challenges to China.Beijing-tianjin-hebei urban agglomeration by capital, the concept of economic development, including 11 cities of Beijing, tianjin and hebei province, the state attaches great importance to in recent years, is regarded as "the pearl river delta", "long triangle" after the third pole in the development of China’s urban agglomeration. National policy tilt, strong economic strength and its unique predominance of convenient port, inland transportation network extending in all directions, to promote the leap-forward development of beijing-tianjin-hebei region import and export trade. In recent years, the two-way exchange rate fluctuations in the new situation to the development of beijing-tianjin-hebei import and export trade has brought new opportunities and challenges, so the research of RMB exchange rate changes on the basis of historical data and the beijing-tianjin-hebei region import and export trade relations, thus for the development of the beijing-tianjin-hebei region import and export trade provides some policy Suggestions to cope with two-way exchange rate fluctuations become the foreign trade need to focus on the problems in the development of the region. This paper first reviews the relationship between exchange rate volatility and import and export trade, literature review and theoretical review on the basis of introduced the RMB exchange rate system and the fluctuation of RMB real effective exchange rate and import and export trade of the beijing-tianjin-hebei region. The empirical analysis is the focus of this article to Europe, America, Japan and South Korea four major trading partners of the beijing-tianjin-hebei region as the research object, analysis of exchange rate movements of beijing-tianjin-hebei and the effects of bilateral trade, the countries the empirical results show that RMB real effective exchange rate and the beijing-tianjin-hebei region there is a long-term equilibrium relationship between import and export trade. Finally in response to the RMB exchange rate changes, the development of beijing-tianjin-hebei region import and export trade related Suggestions are put forward.