Real effective exchange rate and nominal effective exchange rate of RMB rose sha

The Bank for International Settlements (BIS) recently announced that the effective exchange rate index for the Renminbi rose 1.35% to 121.19 in September, the biggest monthly gain in 22 months, up 0.52% from the previous month.

September Renminbi Nominal effective exchange rate index rose 1.13% to 117.65, also hit the largest monthly increase in 19 months, after the revised month rose 0.41%.

The Bank for International Settlements (BIS) will revise historical data when it publishes current data.

According to the statistics released by BIS, the effective effective exchange rate fell by 1.34% and the nominal effective exchange rate fell by 0.78%. The effective exchange rate of RMB actually fell by 5.69% in 2016 and the nominal effective exchange rate fell by 5.85% The annual decline, and the largest decline since 2003.

The real effective exchange rate rise represents the relative increase in the relative value of the national currency, which means that the local currency depreciation. The nominal effective exchange rate reflects the external value of a country's currency; the nominal exchange rate decreases more than the real exchange rate, indicating that the overall level of inflation in China is higher than the level of inflation in comparable countries.