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RMB appreciates notably against dollar since 2005
18
Oct '10
China Foreign Exchange Trade Center published on October 15, the central parity of RMB exchange rate against trading currencies on the interbank foreign exchange market.

One U.S. dollar = 6.6497 Yuan, one Euro = 9.3259 Yuan, 100 Yen = 8.1531 Yuan, one Hong Kong dollar = 0.85701 Yuan and one pound sterling = 10.6305 Yuan.

The cumulative appreciation of the RMB has achieved 18.00 percent against the US dollar, ever since the reform of exchange rate began in 2005, when the exchange rate stood at 8.11 Yuan against the dollar.

Fibre2fashion News Desk - China


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