RMB Exchange Rate Forecast Approach Based on BP Neural Network

RMB exchange rate system has reformed since July, 2005. This article chose RMB exchange rate data during a period from July, 2005 to September 2010 to establish BP neural network model to forecast RMB exchange rate in the future by using MATLAB software. The result showed that BP neural network is effective to forecast RMB exchange rate and also indicated that RMB exchange rate will continue to appreciate in the future.