The CFETS RMB Exchange Rate Index is a key indicator that measures the value of the Chinese yuan against a basket of currencies from its major trading partners. A decrease in this index suggests a ...

The CFETS RMB Exchange Rate Index serves as a crucial indicator of the yuan's performance against a basket of currencies. A decrease in this index suggests a weakening of the yuan, which can have ...

Over the past year, the People’s Bank of China, which manages the renminbi’s exchange rate, has allowed a gradual appreciation of the currency against the dollar. At the end of 2025 it crossed the ...

When the RMB exchange rate hovered around 7.2–7.3 in previous years, foreigners felt that prices in Shanghai were reasonable, ...

BEIJING, Sept. 28 (Xinhua) -- There is solid foundation for the exchange rate of China's currency renminbi (RMB) to remain generally stable, according to a Tuesday teleconference regarding the ...

: the previous day’s closing price and the ‘theoretical renminbi exchange rate against the US dollar that will keep the index of a currency basket unchanged over the past 24 hours’. So what is this ...

The RMB exchange rate is perennially caught in the international spotlight. Some say it's too low, others that it should be lower. The PBOC (People's Bank of China), which sets a daily reference rate ...

Forbes contributors publish independent expert analyses and insights. I write about the Chinese economy and financial sector. China’s currency is surging in value against the dollar against strong ...

Officials from the People’s Bank of China insist the move was designed to bring the RMB in line with its market value. Ever since the People’s Bank of China announced on August 11 that it was going to ...