Medium And Long Term US Dollar Deposits Still Have Certain Exchange Risk.

In 2016, the RMB exchange rate depreciated sharply against the US dollar. As of January 8th, the central parity of RMB against the US dollar has fallen by 700 basis points. At present, the peak value of foreign exchange purchase is coming after the new year. The devaluation of the renminbi also encourages more residents to use foreign exchange deposits in the new year's quota of foreign exchange purchase.

The reporter combed the interest rates of foreign currency deposits of large and medium-sized foreign commercial banks, and found that although the RMB depreciated against the US dollar, the interest rate of RMB deposits was still far higher than that of the US dollar. For those who are not eager to use the dollar, they need to be cautious about whether they need a large amount of foreign exchange.

Experts advise that if there is no definite long-term use, choose medium and long term. Dollar deposits As a means of investment, there is still certain exchange risk.

In the case of China, the annual interest rate for RMB current deposits is 0.3%, while the US dollar demand deposit rate is only 0.05%. The one-year RMB deposit rate is 1.75%, while the US dollar deposit rate is 0.75%, and the interest rate spreads 1 percentage points.

The annual interest rate of RMB deposits of ICBC, CCB and ABC is 1.75%, the interest rate of US dollar deposits is 0.8%, and spreads are also 0.95 percentage points.

Correspondent statistics show that in 2015, the interbank market depreciated 4.67% against the US dollar spot exchange rate (enquiry), while in the first 5 trading days of 2016, the yuan depreciated to 1.54% against the US dollar immediately, and the offshore renminbi against the US dollar dropped by 1.73%.

　　 US dollar to RMB The exchange rate is changing every day, and it may fluctuate further in the future. If there is no definite long-term use, such as studying abroad, the choice of medium and long term US dollar deposits as a means of investment still has certain exchange risk.

In the joint-stock banks, the CITIC Bank's deposits in the above terms are US dollar deposits. interest rate It is consistent with ICBC, while the interest rate of the US dollar deposits in Minsheng Bank is 0.75% in one year and two years. The interest rate of the Bank of China for one year and two years is 0.7%.

In addition, there are big differences in the interest rate of US dollar deposits between foreign banks and HSBC. The interest rates of US dollar deposits in one year and two years are 0.6% and 0.5%, respectively, which are lower than those of Chinese banks. Standard Chartered Bank has a 0.05% dollar interest rate deposit, a one month interest rate of 0.01%, a six month interest rate of 0.4%, a one-year interest rate of 0.5%, and a two year interest rate of 0.8%.

In addition, the interest rate of Hong Kong dollar deposits is lower than that of US dollar deposits in the same period. The interest rates of Hong Kong dollar deposits of ICBC, ABC, BOC and CCB are all 0.7%, which is 1.05 percentage points with the one-year deposit rate. In recent years, the Hong Kong dollar has also appreciated against the renminbi. In January 9th, the spot price of Hong Kong dollar to RMB was 0.8486. The above financial advisers believe that residents who have recently purchased large quantities of Hongkong can appropriately exchange Hong Kong dollars, but the renminbi trend is not stable in the near future.

It is worth noting that the interest rates of US dollar deposits given by banks are also slightly different. Among them, ICBC, CCB and ABC have 0.05% dollar interest rate deposits, one month interest rate 0.2%, six month interest rate 0.5%, one year interest rate 0.8%, two-year interest rate 0.8%, while Bank of China dollar deposits one year and two year interest rates are 0.75%, slightly lower than other three large banks.