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Chinese Yuan Refreshes 20-month High Against USD
Feb 03, 2018

BEIJING - The central parity rate of the Chinese currency, the renminbi or the yuan, hit a new 20-month high against the US dollar on Friday.

This sets a new high since May 3, 2016, after the rate rallied to 6.492 on Wednesday.

Since the start of this year, the yuan's central parity rate strengthened 427 basis points against the greenback.

The yuan's onshore exchange rate strengthened by 6.72 percent last year, the sharpest annual appreciation in nine years, according to calculations by financial information provider Eastmoney.com.

The currency's robust performance was the result of a weaker dollar, sound economic fundamentals, improved regulation of capital flows, a relatively tightened monetary environment and increased global use of the currency.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

It's 6.659 on Dec, 2017 and today only 6.298 , USD is decline too much . So , our valid offer in 30dayds .

Thanks for your always support and look forward to continued success in 2018.





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