在岸人民币汇率

3年来，尽管全球经济不景气、在岸与离岸人民币汇率趋同导致套利机会稀缺，但人民币贸易结算的发展却没有显示出丝毫疲软的迹象。

Three years in , despite global headwinds , and the scarcity of arbitrage opportunities as onshore and offshore rates have converged , renminbi redenomination shows no sign of faltering .

在对境内在岸金融市场的影响方面，离岸人民币汇率对在岸人民币汇率存在着引导关系，主要表现在离岸人民币短期合约对在岸人民币即期和短期合约方面。

The offshore RMB exchange rate guides the onshore RMB exchange rate , mainly in the spot and short-term contracts .

余永定指出，迄今为止这种使用甚至只“停留在表面”，充其量是一种在不受限的离岸人民币市场与受限的在岸人民币市场之间进行汇率套利的手段。

Mr Yu argues that even its use to date is " superficial " , little more than a ruse enabling exchange rate arbitrage between the free offshore renminbi market and the controlled onshore one .