全球变局下的稳健波动——2020年人民币汇率走势回顾与展望

Robust with Fluctuations amid Global Changes——Review of RMB Exchange Rate Trend in 2020 and Outlook

2020年,新冠疫情全球扩散,国际金融市场经历大幅震荡。人民币汇率弹性继续增强,但整体走势仍比较稳健,全年人民币对美元汇率呈现出先升后贬再升的"N"字型走势。展望2021年,我国国际收支有望继续保持自主平衡,汇率市场化程度进一步提高。人民币汇率在保持较高弹性的同时,有望延续双向宽幅波动走势。

In 2020,the international financial market has been particularly volatile due to the global outbreak of the COVID-19 pandemic.The resilience of the RMB exchange rate continued to increase,yet the overall movement maintained relatively stable.The USD/RMB exchange rate presented an "N"-shaped movement of rising,falling and bouncing back again.Looking into 2021,China’s international balance of payments is expected to remain balanced,and the exchange rate marketization further advanced.While remaining highly resilient,the RMB exchange rate is expected to go on fluctuating in both directions within a wider range.