在近期接连创历史新高后，人民币对美元汇率中间价8日升破6.2重要关口，再度创出2005年汇改以来新高。

在近期接连创历史新高后,The yuan central parity rate against the dollar 8 important barrier to break above 6.2,Hitting a revaluation in 2005 high again.

　　来自中国外汇交易中心的数据显示，8日人民币对美元汇率中间价连续第3个交易日上涨，报6.198，较上一交易日大涨103个基点。而市场普遍认为，6.2是人民币对美元汇率的重要关口。

来自中国外汇交易中心的数据显示,8 the yuan central parity rate against the dollar for a third consecutive days of gains,6.198,Compared with the previous trading day up 103 basis points.The market is generally believed,6.2 is an important mark for the renminbi against the dollar.

　　人民币转向阶段性升值

人民币转向阶段性升值

　　金融专家赵庆明认为，人民币对美元汇率中间价的走高与美元指数回落有关。

金融专家赵庆明认为,The yuan central parity rate against the dollar higher against the dollar index down.

　　最新公布的外贸数据也是8日人民币大幅升值的一个重要原因。海关总署最新数据显示，4月份我国实现贸易顺差181.6亿美元，相较3月份8.8亿美元的逆差有明显好转。此外，4月份出口较上年同期增长14.7%，也高于市场预期。

最新公布的外贸数据也是8日人民币大幅升值的一个重要原因.The general administration of customs according to the latest figures,In April, China's trade surplus of $18.16 billion,Compared with a $880 million deficit in March has improved markedly.In addition,Exports grew 14.7% from a year earlier in April,Is higher than market expectations.

　　近期人民币升值趋势明显增强。4月份以来，人民币对美元汇率中间价已有10个交易日创出2005年汇改以来新高，升值幅度接近700个基点。相对于年初首个交易日，今年以来人民币对美元汇率中间价已累计升值917个基点，而去年全年仅升值146点。

近期人民币升值趋势明显增强.Since April,The yuan central parity rate against the dollar has hit 10 trading days since its revaluation in 2005,Appreciation of close to 700 basis points.Relative to the beginning of the first day of trading,Since this year the yuan central parity rate against the dollar has gained 917 basis points,But only to appreciate for all of last year, 146 points.

　　即期市场上，人民币对美元盘中交易价依然强劲。受中间价走高影响，8日人民币对美元即期汇率首破6.15关口。有交易员表示，虽然短期升值方向不变，但由于中间价高开幅度出人意料，难以预估后期升值目标。

即期市场上,The yuan against the dollar in trading remains strong.Influenced by a middle price higher,8 the yuan at the spot exchange rate against the dollar first to break the 6.15 mark.There are traders said,Although short-term upward direction is constant,But due to their high middle price range,Difficult to forecast late appreciation goal.

　　随着去年下半年美欧等国相继跟进量化宽松政策，全球流动性充裕，资本重新回流包括我国在内的新兴市场国家。2012年9月以来，人民币阶段性贬值转向阶段性升值，并持续至今。而近期欧洲央行、印度央行和澳大利亚央行相继降息，进一步加剧了跨境资本流入中国的压力。

随着去年下半年美欧等国相继跟进量化宽松政策,Global liquidity,Capital backflow including China, emerging market countries.Since September 2012,Periodic depreciation to periodic renminbi appreciation,And continues to the present day.But in the European central bank/印度央行and澳大利亚央行相继降息,Further intensified pressure for cross-border capital flows into China.

　　出口企业倍感压力

出口企业倍感压力

　　国家外汇管理局日前发布通知，从银行结售汇综合头寸、进出口企业货物贸易外汇收支等多方面加强外汇资金流入管理，防范跨境资金流动风险。

国家外汇管理局日前发布通知,从The bank结售汇综合头寸/Import and export business of goods trade foreign exchange receipts and payments and so on many aspects in order to strengthen the management of foreign exchange inflows,Preventing risks of cross-border capital flows.

　　在一些经济体货币竞相贬值的背景下，加之全球贸易低迷，人民币近期升值趋势无疑更为出口企业增加了压力。

在一些经济体货币竞相贬值的背景下,Combined with the downturn in global trade,The recent upward trend is clearly more export enterprises to increase the pressure.

　　三信国际电器上海有限公司在国内低压电器行业处于领先地位。据三信海外营销中心副主任姜艳静介绍，一季度人民币升值超过去年全年水平，给企业带来不小压力。目前企业主要通过金融工具规避汇率风险，或说服客户采用人民币结算来应对。

三信国际电器上海有限公司在国内低压电器行业处于领先地位.According to three letter Jiang Yanjing deputy director of the overseas marketing center,In the first quarter of the appreciation of the yuan more than last year,Bring no small pressure to the enterprise.At present enterprise mainly through the financial instruments to avoid exchange rate risk,Or persuade customers use RMB to deal with.

　　但她表示，使用人民币结算相当于将汇率风险转嫁给客户，海外客户即使愿意承担这种风险，通常也会在其他方面提出更多要求，比如进一步压低价格。

但她表示,Use RMB equivalent to the exchange rate risk passed on to the customer,Overseas customers even willing to bear this risk,Usually put forward more requirements in other ways,Such as lower prices.

　　温州瑞特国际贸易有限公司市场部经理郑蓬博说，人民币升值是企业面临的主要困难之一。目前企业主要通过内部成本控制应对汇率升值，如果人民币对美元汇率升破6.1，就只能提高价格。但是公司属于小微企业，产品附加值相对较低，议价能力弱，可能会损失一部分订单。

温州瑞特国际贸易有限公司市场部经理郑蓬博说,The appreciation of the renminbi is one of the main difficulties facing enterprises.At present enterprise mainly through the internal cost control to cope with currency appreciation,If the renminbi exchange rate against the dollar rose to 6.1,Have to raise prices.But the company belongs to the small micro enterprise,Product added value is relatively low,Bargaining power is weak,Could lose part of the order.

　　人民币双向波动趋势不会改变

人民币双向波动趋势不会改变

　　对于后期走势，专家普遍认为，人民币双向波动的趋势不会改变。

对于后期走势,Experts generally believe that,The two-way volatility trend will not change.

　　赵庆明说，人民币距离均衡汇率还有一定距离，存在一定升值压力和上行空间。

赵庆明说,RMB equilibrium exchange rate and a certain distance,存在一定升值压力and上行空间.

　　对外经贸大学金融学院院长丁志杰认为，近期人民币中间价走高，是适应市场指示的积极调整。过去一段时间，在中间价保持稳定，而交易价持续升值的情况下，人民币升值压力被放大。通过中间价向盘中交易价靠拢，有利于弱化人民币升值预期，进而淡化人民币汇率对资本流入的吸引。

对外经贸大学金融学院院长丁志杰认为,Among the recent price is higher,Is to adapt to the market indicates a positive adjustment.In the past for a period of time,In the middle price remained stable,The transaction price continue to rise,The yuan appreciation pressure be amplified.Through the central parity price convergence in intraday trading,To weaken the renminbi appreciation expectations,To dilute the RMB exchange rate to attract capital inflows.

　　丁志杰认为，虽然近期人民币还有继续升值的可能，但不是趋势性的。预计人民币对美元汇率在达到6.15至6.20区间后会趋稳甚至回调。

丁志杰认为,Although yuan recently and may continue to rise,But is not liable.Expects the yuan exchange rate against the dollar after the 6.15 to 6.20 range can stabilize and callback.

　　跨境资本大量流入或流出都不利于宏观经济的稳定。国家信息中心经济预测部世界经济研究室副主任张茉楠说，外汇局加强对外汇资金流入的监管，有利于减弱人民币单边升值预期。当前要关注美联储货币政策转向带来的潜在风险，一旦其货币政策调整，不排除人民币单边升值再次逆转的可能性。

跨境资本大量流入或流出都不利于宏观经济的稳定.The state information center, deputy director of economic forecasting department of the world economy research Mo zhang nan said,To strengthen the regulation of foreign exchange inflows by safe,To weaken the unilateral appreciation expectations.The current turned their attention to the fed's monetary policy to the potential risk,Once its monetary policy adjustments,Don't rule out the possibility of unilateral renminbi appreciation reverse again.