汇率并轨

我汇率并轨对外贸的影响及对策

Unification of Exchange Rate in China : Its Impact on Foreign Trade and Counter-Measure

1994年人民币汇率并轨以来，我国对外贸易发展迅速。

Since the combination of RMB exchange rate in 1994 , China 's foreign trade has been developing rapidly .

我国自1994年汇率并轨以来，实行的是以市场供求为基础的，单一的有管理的浮动汇率。

Since 1994 , China has been carrying out a single , managed floating system based on supply and demand in the market .

从1994年1月1日人民币汇率并轨，人民币的大幅贬值促进了中国园艺产品出口的快速增长，当年出口额较1993年增长了21.18%。

From Jan 1,1994 , the sharp devaluation of RMB made a rapid increase of horticultural export , 21.18 % of growth compared with Dec 31,1993 .

第三阶段是1994年至今，实现了汇率并轨，实行以市场供求为基础、单一的、有管理的浮动汇率制。

The third from 1994 to present , realization of single , managed floating exchange rate system whose base is market supply and demand . ⅱ .

我国自1994年实行汇率并轨以来，实行的是“有管理的浮动的汇率政策”。

Since China implemented the merging of the exchange rates since 1994 , it was " exchange rate policy floating of having management " that was implemented .

自1994年汇率并轨以来，实际有效均衡汇率的波动幅度明显减小，人民币汇率在1995-2002年间基本保持了稳定的升值趋势（除1999年外），平均每年约升值2%。

The RMB equilibrium exchange rate kept the steady appreciation trend basically during the period of 1995 to 2002 ( except 1999 ), and nearly appreciates by 2 % every year on average .

在我国，自1994年汇率并轨以来，人民币汇率制度经历了从单一钉住美元的固定汇率制度到参考一篮子货币的有管理的浮动汇率制度的过程。

In our country , since the unification of exchange rates in 1994 , RMB exchange rate regime has gone from a single pegged to the dollar to a managed floating exchange rate regime with reference to a basket of currencies .

本文重点总结了自1994年汇率并轨以来我国货币政策与汇率政策的四次冲突，在此基础上分析了两者发生冲突的内在原因，以及政府采取的协调措施。

This paper mostly summarize the four times conflicts between monetary policy and exchange rate policy since the reform of exchange rate system in 1994 . Then it analyzes the underlying causes of the conflicts and coordination measures taken by the government .

1994年1月1日，我国的外汇管理体制进行了重大的改革，人民币官方汇率与外汇调剂市场汇率并轨，实行了以市场供求为基础的、单一的、有管理的浮动汇率制。

The official exchange rate and the foreign currency swap market exchange rate were unified . The managed floating exchange rate system based on market supply and demand was implemented .