A Study on the Correlation between RMB Exchange Rate and Stock Fluctuation in China

【Author】

Bo Wang;

【Abstract】

Since this year,there was drastic fluctuation in China's stock during 10 months,of which the closing price of SSE Composite Index rose from more than 3000 points in January to more than 5000 points in June,and then quickly fell to around 3500 points in a month,and kept fluctuation later.In August when the stock fell sharply,RMB exchange rate against U.S.dollar rose suddenly after maintaining around 6.1 for a long time so that RMB was devaluated rapidly.The correlation between stock and RMB exchange rate has been studied in this paper.

【Keywords】

exchange rate;;stock index;;VEC

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