2025-12-25 04:25:01

The recent RMB appreciation has truly been a punch to the gut. At the beginning of the year, with an exchange rate of 7.35, 7.35 million RMB could be exchanged for 1 million USD. Many people then turned around and deposited their USD into fixed deposits, with a 4% annual interest rate that looked pretty good, ending up with 1.04 million USD after a year. But now, with the RMB appreciating to 7.05, that 1.04 million USD can only be exchanged for 7.332 million RMB, a loss of 180,000 RMB.

After a year of fluctuations, the fixed deposit interest has been eroded by the exchange rate movement in the opposite direction. This year has indeed been somewhat surreal — stocks, bonds, forex, and cryptocurrencies all declining simultaneously, making it hard to feel comfortable with any investment. But on the other hand, instead of obsessing over market fluctuations and feeling anxious, it might be better to adjust your mindset. Enjoy a peaceful holiday; perhaps that is the best choice.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

FloorSweeper

· 16h ago

This is what is called the left hand倒 right hand, and in the end, you find your pockets are still empty... Losing 18,000 yuan is acceptable, but the key is that your mentality has gone wrong. The exchange rate is really incredible; earning interest and then getting cut by the韭菜反手. I think it's better to diversify risks and not all in one direction. The appreciation of the RMB is really not a good thing for ordinary people. This wave of operations is a complete loss of interest and exchange rate, a blood loss. Rather than studying these, it's better to work hard; stable cash flow is the key. Four kills all out, these days it's too hard to make money. Saving in fixed deposits is not as good as saving in gold, at least it feels more secure.

View OriginalReply0

GateUser-6bc33122

· 16h ago

Just got cut like this, interest eats up the exchange rate, such a huge loss.

View OriginalReply0

AirdropHunterXiao

· 16h ago

Last year, this wave was truly a textbook example of heavy losses, and I even had to pay out of pocket for the tuition fees.

View OriginalReply0

OnchainHolmes

· 16h ago

Wow, this is the trap I mentioned half a year ago, and some people were mocking me for worrying unnecessarily back then. And now? The interest has been completely eaten up by the exchange rate.

View OriginalReply0

ApeWithNoFear

· 16h ago

As the RMB appreciates, the USD fixed-term deposit becomes a losing investment... This move is truly brilliant.

View OriginalReply0