Since the exchange rate regime reform on July 21, 2005, the government has softened exchange rate controls step by step, which consequently led to unprecedented volatility of the RMB exchange rate.
自2005年7月21日人民币汇率改革以来,中国政府放松了对汇率的管制,人民币汇率的变动越来越剧烈,体现出从未有过的波动性和变化幅度。
参考来源 - 基于小波分析与神经网络的汇率组合预测研究·2,447,543篇论文数据，部分数据来源于NoteExpress
The paper analyses the principal features and defects of RMB exchange rate regime after the reform of exchange rate regime in 2005.
本文分析了2005年汇改后人民币汇率制度的主要特征和缺陷。
Since the reform of Chinese currency regime started in July 2005, the volatility of RMB exchange rate has increased dramatically.
内容提要2005年7月人民币汇改以来，人民币汇率波动性显著增强。
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