# Roundtable on Money and Finance and the 56th Clearing House Salon: Macro Factors of the RMB Exchange Rate Fluctuation and its Potential Effect | IMI

> A Beijing roundtable at the IMI on April 15 discussed the macro drivers of RMB exchange rate fluctuations. Speakers including Wei Benhua said the RMB will not see long-term devaluation and that two-way fluctuation is normal. The event was attended by about 60 bank representatives.

- Date: 2017-04-15 · published 2017-04-15T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/71717-roundtable-on-money-and-finance-and-the-56th-clearing-house-salon-macro-factors
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The discussion reflects official views that the yuan is stable, which supports steady Chinese import demand. It does not signal a new shock to feed prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-03-02 | [China’s recent hands-off approach to renminbi fluctuation could change - Euromoney](https://feedsoft.ai/events/42488-china-s-recent-hands-off-approach-to-renminbi-fluctuation-could-change-euromoney.md) | +0.1% | +0.8% |
| USDCNY | 2017-10-18 | [China has ‘halted intervention in yuan exchange rate market’ \| South China Morning Post](https://feedsoft.ai/events/68678-china-has-halted-intervention-in-yuan-exchange-rate-market-south-china-morning.md) | +0.2% | -0.0% |
| USDCNY | 2018-05-22 | [RMB rate expected to follow a two-way fluctuation path in 2018 - Chinadaily.com.cn](https://feedsoft.ai/events/65233-rmb-rate-expected-to-follow-a-two-way-fluctuation-path-in-2018-chinadaily-com-cn.md) | +0.5% | +1.5% |
| USDCNY | 2019-11-01 | [No major changes in the yuan’s exchange rate since August](https://feedsoft.ai/events/56297-no-major-changes-in-the-yuan-s-exchange-rate-since-august.md) | -0.9% | +0.0% |
| USDCNY | 2019-03-25 | [China: How opening up the financial sector could affect the yuan \| articles \| ING THINK](https://feedsoft.ai/events/60331-china-how-opening-up-the-financial-sector-could-affect-the-yuan-articles-ing.md) | -0.1% | -0.2% |

## Sources

- imi.ruc.edu.cn: http://www.imi.ruc.edu.cn/en/NEWS/RoundtableonMoneyandFinance/f78cdcf5f56045fea30d02ab36b36b3f.htm

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.