The Influence of RMB Exchange Rate Fluctuation on the Import and Export Trade of Agricultural Products in Jiangxi Province

Abstract

With the continuous growth of China's economy and the influence of external factors in accelerating the marketization process of RMB under the overall environment, the exchange rate of RMB against US dollar has been rising year by year. Whether long-term or short-term exchange rate fluctuations will have a huge impact on the trade of many industries, and the import and export trade of agricultural products is also under the positive or negative impact of the RMB exchange rate changes. As the import and export trade of agricultural products is related to people's livelihood, social stability and a series of major issues, it is more necessary to conduct in-depth research on this issue with the support of theory. Taking the fluctuation of RMB exchange rate as independent variable and the import and export volume of agricultural products in Jiangxi province as dependent variable, this paper makes an empirical analysis on the relationship between the two. Therefore, based on the combination of previous scholars research literature, innovation in Jiangxi province as the research object, based on the actual agricultural products import and export data in Jiangxi province, using VAR model on the RMB exchange rate changes and import and export of agricultural products between the dynamic effects of the empirical analysis, and according to the empirical results obtained import and export of agricultural products depends on their own ascension in Jiangxi province.