China Exchange Rate


Chinese yuan strengthens slightly

By 15 October, the Chinese yuan (RMB or CNY) traded at CNY 6.39 per USD, which represented a slight 0.2% appreciation in nominal terms compared with the previous month. The yuan has appreciated an accumulated 3.3% versus the USD this year and, at the current level, is trading 3.8% stronger than the same day last year. Meanwhile, the People's Bank of China (PBOC) announced that its foreign exchange reserves barely grew in the third quarter mainly due to a weakening euro and rising risk aversion in international markets, which slowed capital inflows. In the third quarter, the foreign exchange reserves added a mere USD 4.2 billion (Q2: USD 152.8 billion increase), rising to USD 3.2 trillion. Consensus Forecast panellists expect foreign-exchange reserves to reach USD XX trillion by the end of this year. For 2012, the panel sees international reserves at USD XX trillion by the end of the year.

Sample Report

Looking for forecasts related to Exchange Rate in China? Download a sample report now.


China Economic News

More news

Search form