Foreign Exchange Trade System

The growth of the yuan parity rate

According to the latest data the central parity rate of yuan in relation to the USD has increased to the point of 6.8203 that turned to be the biggest growth throughout the last seven weeks. As the China’s Foreign Exchange Trade System shows the rate set by the Central bank of the country before the trades was 0.37 percent higher than the Friday’s numbers. However after this the yuan decreased a bit more in relation to the USD. Due to Liu Dongyuan a Shenzhen-based foreign exchange analyst with China Merchants Bank big mid-points set by the Central Bank before the trades usually shows the will of the Central Bank to make yuan exchange rate more stable. But the long lasting decrease of the yuan may lead to the capital outflow from the country.

Syndicate content