Study on the Impact of RMB Exchange Rate Fluctuations on the Process of RMB Internationalization

The purpose of this paper is to discuss the impact of RMB exchange rate undulation on the process of RMB internationalization, and to put forward corresponding suggestions by combining relevant theories and analysis of RMB exchange rate volatility. Firstly, the significance of RMB internationalization and its influencing factors, as well as the possible influencing mechanism of exchange rate fluctuation on RMB internationalization are elaborated through literature review and theoretical analysis. Secondly, the actual impact of RMB exchange rate volatility on the process of RMB internationalization is analyzed. Finally, corresponding policy suggestions and countermeasures are put forward to cope with the challenges that RMB exchange rate volatility may bring to the process of RMB internationalization.