Abstract
With the deepening of economic globalization and the gradual integration of domestic and foreign markets, the impact of a country's price level on the international market is becoming more and more obvious. When the external market factors change, it will easily affect the price level of a country, and then affect the economic development of a country. The rapid economic globalization and China's continuous reform and opening up have made the factors affecting China's price fluctuation more complicated. China is the largest consumer and importer in the world commodity market. The change of RMB exchange rate will not only affect the international competitiveness of China's commodities, but also greatly affect the actual interests of China's importers and exporters and their trading partners. The influence of external factors on domestic prices should not be underestimated. Only by clarifying the factors that affect this effect can we implement appropriate monetary policies accordingly to reduce the impact of exchange rate fluctuations on the domestic economy. This paper analyzes the influence mechanism of RMB exchange rate changes on commodity prices, and then provides countermeasures and suggestions for the monitoring and early warning mechanism of RMB internationalization and commodity price fluctuations.
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