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cross-border e-commercethe essence of e-commerce is to connect markets in different countries and regions, and sellers sell goods from their own countries or regions to consumers around the world. this model combines the characteristics of international trade and e-commerce, breaking the traditional geographical restrictions while also bringing new opportunities and challenges.
exchange rate fluctuations andcross-border e-commercegrowth
when the us dollar started a new round of interest rate cuts, the rmb exchange rate showed a unilateral rise, which was due to the market's expectations of the federal reserve's monetary policy. exporters and financial institutions began to panic and sell us dollars in exchange for rmb.
bank settlement data for august 2024 showed that enterprises and individuals were willing to settle foreign exchange, and the foreign exchange receipts and payments turned from a large deficit to a positive flow, which reflectscross-border e-commercethe market has developed rapidly under the influence of rmb exchange rate fluctuations and the international economic environment.
driven by interest rate differentials, the appreciation of the rmb exchange rate
as the us dollar index continues to weaken, the total amount of funds to be settled by exporters has exceeded us$420 billion, and is expected to reach us$100 billion by the end of 2023. this concentrated settlement force has driven the continued appreciation of the rmb exchange rate, which has kept the rmb exchange rate on a steady upward trend.
the collision between market expectations and reality
citic securities research report predicts that the rmb exchange rate is likely to approach 7.0. however, the author believes that china's current economic liquidity is tight and the actual interest rate is still high, so the appreciation space of the rmb may continue for some time in the future.
summarize
cross-border e-commerceit is changing the international trade and economic landscape, bringing new opportunities and challenges. with the changes in the market environment, exchange rate fluctuations and policy changes, the futurecross-border e-commercethe development trend is worth paying attention to.
