中文摘要：

在归纳利率与汇率的联动机理和理论关系的基础上，文章采用计量经济方法对中美利率和汇率关系进行实证研究，结果发现：中美利率与汇率之间的关系呈现出多样化的态势；美国利率对汇率的传导效果要高于中国利率；中美利率对汇率的影响要大于汇率对中美利率的影响，指出中国的利率市场化的改革、人民币汇率形成机制的完善以及金融市场间的传导建设仍需深入。

英文摘要：

In this paper, we will use econometric methods to empirical research between interest rate of RMB and interest rate of Dollar and exchange rate of RMB on the basis of induction of linkage mechanism and theoretical relationship between interest rate and exchange rate, the restdts showed that： It shows a variety of trend between interest rate of RMB and interest rate of Dollar and exchange rate of RMB; Conduction effect which interest rate of Dollar affects on the exchange rate of RMB is better than effect which interest rate of RMB affects; Effect which interest rate of RMB and interest rate of Dollar affect on the exchange rate of RMB is better than effect which exchange rate of RMB affects on the interest rate of RMB and interest rate of Dollar. At the same time, we point out that our reform of interest rate market, perfect of RMB exchange rate formation mechanism and building of conduction between the financial markets still needs further.