Research on RMB Exchange Rate Fluctuation Considering Effect of Central Parity
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This paper collected the historical data of the central parity of RMB/ dollar from June 19, 2010 to February 17, 2015. Through the mathematical model, the existing problems of the exchange rate of RMB, and the features of financial market centralization, continuity and discontinuity were studied in the paper. At present, the central bank's control over the exchange rate is effective. But we should cope with the appreciation of the RMB through the control of foreign currencies. The focus of monetary management in China should be the control of the exchange rate of RMB, so as to meet the needs of social development.
Central parity, RMB, Exchange rate.