人民币汇率改革特点演变分析

The analysis of evolution of the characteristics of RMB exchange rate reform

随着中国经济的崛起,全球货币市场趋向于多极模式,人民币实现国际化指日可待。2005年以来,中国人民银行一直在探索人民币汇率制度的改革措施,力求推进人民币国际化。文章通过总结人民币汇率改革进程,对15年来不同阶段的人民币汇率形成机制进行数据统计与分析,发现2015年实行"新汇改"以来,虽然人民币与非美元货币的联系有明显提升,但是人民币还是与美元联系最为紧密,与美元以外的主要浮动汇率呈脱钩状态。今后我们应当进一步完善人民币汇率制度改革,加大人民币与非美元货币的联动性,进一步推进人民币国际化进程,促进人民币在全球货币市场上发挥其应有的重要作用。

With the rise of China’s economy,the internationalization of RMB is just around the corner.Since 2005,the People’s Bank of China has been exploring reform measures of the RMB exchange rate system,striving to promote the internationalization of the RMB.By summarizing the RMB exchange rate reform process,this paper analysed the data of different stages of the RMB exchange rate formation mechanism over the past 15 years.The founding reveals that since 2015,when the new exchange rate reform implemented,RMB and dollars are still closed related,even the correlation between RMB and non-dollar floating currencies has been strengthened.In the future,we should further improve the reform of RMB exchange rate system,increase the linkage between RMB and non-US dollar currencies,facilitate the internationalization of RMB,and made RMB to play its due important role in the global currency market.