Pedestrians walk pass PBOC's head office in Beijing. [File photo]

Renminbi exchange rate two-way fluctuation

This year, renminbi exchange rate fluctuation has changed people's impression that the currency can only appreciate.

The use of the yuan in cross-border trade and investment has grown rapidly in the past five years. China loosened its grip on the yuan-dollar exchange rate in March this year, widening the daily trading band to 2 percent from 1 percent.

The renminbi's exchange rate is now near equilibrium in general. Given that, the two-way fluctuation of cross-border capital flows will become the new normal.

Print E-mail

Go to Forum >>0 Comment(s)

Add your comments...

• User Name Required
• Your Comment
• Enter the words you see:   
  Racist, abusive and off-topic comments may be removed by the moderator.