WATCH: How Odesa's famous catacombs are being prepared for a Russian assault.
In recent years, the RMB exchange rate has fluctuated in both directions, and its flexibility has been increasing, putting forward higher requirements for the exchange rate risk management of various market entities. Since the beginning of this year, the RMB has been depreciating against the US dollar after a shock. In April, the RMB returned to a small appreciation range again from a small depreciation at the beginning of the month. Especially since the beginning of May, the offshore RMB has increased by more than 200 basis points in total, and the two-way interval fluctuations may continue to increase. The State Administration of Foreign Exchange (SAFE) also held a meeting not long ago to improve the level of enterprise exchange rate risk management.
