Tuesday, February 8, 2011

Spring Festival to travel abroad

 The recent appreciation of the RMB against the U.S. dollar still. If people leave during the Spring Festival travel plans, financial management have suggested that the U.S. can take advantage of time to redeem.

23 days, according to Bank of China branch financial planner Jianghan U Thant introduced the day's Bank of China, discounted price of 6.5886 U.S. dollars, and in the beginning of last year, the dollar was 6.8281 against the yuan central parity in the past year years, the RMB has appreciated by 3.64%. This means that prices are not rising in the circumstances, the United States to study or travel cost savings of 3.64%.

bank foreign analysts believe that, ordinarily, the RMB against the U.S. dollar often after a period of rapid appreciation, there will be a certain level of correction, and then entering a new appreciation of the platform. The present stage of the RMB exchange rate has been soaring, this may be a good time to short-term dollar purchase of foreign exchange, if there is to the United States during the Spring Festival travel or go to the common currency is the U.S. dollar in terms of regional activities of the public can choose the times in the last section of every Low purchase of foreign exchange. However, if the public use of foreign exchange is not urgent, can wait longer need to wait for an opportunity when the purchase of foreign exchange. (Xinhua Wang Danni correspondent Fang Haiqing)

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