The Influence of Sino-US Trade Friction on RMB Exchange Rate Fluctuation

DOI

10.2991/aebmr.k.201211.008How to use a DOI?

Keywords

Trade friction, exchange rate fluctuation, export trade

Abstract

Based on the relevant data of RMB exchange rate from 2015 to 2020, this paper calculates the fluctuation of RMB exchange rate before and after Sino-US trade friction through GARCH model. Then combined with the date of trade friction to analyse the impact of friction events on the fluctuation of RMB exchange rate. Finally, the influence of exchange rate fluctuations is analysed through the horizontal values and deviation results of national and classified export data. Through the analysis we found that during the period of trade friction, the occurrence of major events has a certain impact on the exchange rate. In this case, a small change in the exchange rate has a positive impact on trade exports, while a large change in the exchange rate has a short-term negative impact. Specifically, food products, capital - and technology-intensive products and labor-intensive products are significantly affected by exchange rate fluctuations. Accordingly, relevant Suggestions should be put forward for trading enterprises.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yanyan Wu
AU  - Da Yan
AU  - Lifeng Tu
PY  - 2020
DA  - 2020/12/14
TI  - The Influence of Sino-US Trade Friction on RMB Exchange Rate Fluctuation
BT  - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020)
PB  - Atlantis Press
SP  - 42
EP  - 47
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201211.008
DO  - 10.2991/aebmr.k.201211.008
ID  - Wu2020
ER  -