Express
Onshore and offshore RMB to USD exchange rate hits 14-month high
Summary: According to reports, the onshore and offshore RMB to USD exchange rate has reached a 14-month high. Data from China Money Network shows that the RMB to USD spot exchange rate rose to a high of 7.0500, the first time it has touched the 7.05 level since October 9, 2024. In the offshore market, according ...
According to reports, the onshore and offshore RMB to USD exchange rate has reached a 14-month high. Data from China Money Network shows that the RMB to USD spot exchange rate rose to a high of 7.0500, the first time it has touched the 7.05 level since October 9, 2024. In the offshore market, according to Sina quotes, the offshore RMB to USD exchange rate reached a high of 7.046 on December 15, marking a new high since early October 2024. As for the central parity rate, on December 15, the RMB to USD central parity rate was set at 7.0656, depreciating by 18 basis points.
