The US dollar exchange rate has fallen below the threshold! Where will the funds withdrawal go?

The exchange rate of the US dollar against the RMB has experienced a sharp decline recently, with the offshore exchange rate falling below 6.4 on the 25th, and then the exchange rate on record yesterday also fell below 6.4!

This is the lowest exchange rate since the trade war between the two sides in 2018, and at the time of writing, it is still falling, approaching 6.37. The highest point of the recent exchange rate occurred last month, when it rebounded to around 6.55. If you withdraw 100,000 US dollars a month later, you will lose nearly 20,000 yuan now!

As early as the first half of last year, when the United States launched unlimited QE in March, we had predicted a long-term decline in the exchange rate. After the dollar reached its highest point of 7.13 in May last year, it has continued to fall to the current 6.38. This is the inevitable consequence of the full operation of the US printing press. In fact, our central bank has already issued a statement to let everyone be mentally prepared.

Last week, the director of the central bank's financial research institute said at the Moganshan Conference, "Under the conditions of RMB internationalization, we cannot control the RMB exchange rate, and the central bank will eventually have to give up its exchange rate target." He also mentioned that the RMB will continue to appreciate against the US dollar in the medium and long term.

Just one week after this speech, the US dollar exchange rate fell below 6.4. It has to be said that tax rates are more dependent on the country's medium- and long-term plans and strategies. Since the country has determined that the exchange rate will have a medium- and long-term downward adjustment, we sellers must be prepared for this premise.

The continuous plunge in the past two days has fully demonstrated that man proposes, God disposes. If the sellers had hoarded their money and waited for it to rise again when the price started to fall in April, they would have probably not sold it until it fell below 6.4 yesterday, and the loss would have been very heavy . So I suggest that since the exchange rate will continue to fall to a certain extent in the medium and long term, you need to abandon the habit of hoarding a balance and withdrawing money after the exchange rate improves. Next, you need to develop the habit of withdrawing money in a timely manner . As long as you have money to withdraw, withdraw it directly, don't hoard it!