Title: The Evolution and Outlook of the Global Monetary Pattern after the COVID-19 Pandemic

The COVID-19 pandemic in 2020 combined with the global easing of liquidity has a significant "two stage" impact on the global monetary structure. From March 2020 to the end of 2020，the status of the U.S. dollar and yen decreased significantly，while the status of the euro，renminbi and pound increased significantly. The trend of U.S. dollar and euro has been corrected since the beginning of 2021，but they were stabilized on the whole. The status of renminbi and pound has continued to improve，while the status of yen has continued to weaken. In the future，the shift of the Federal Reserve's monetary policy，the reconstruction of the global industrial chain and the remodeling of the international political and economic pattern will become the main factors affecting the evolution of the international monetary system.

The impact of the pandemic on the international use of currencies shows the feature of being "strong first then weak"

Since March 2020，the COVID-19 pandemic combined with the easing of liquidity in major economies has had a high-intensity impact on the real economy and the financial markets of the world. This round of shocks has a significant marginal impact on global monetary pattern and presents a feature of "two-stages" with the end of 2020 as the boundary.