yuan appreciation

We know the Asiam market and its culture, here we share the topics that we think are most relevant about Asia and the economic situation, which we think can help you make decisions.
11 de November de 2020

Why is the chinese yuan appreciating?

The exchange rate between the chinese yuan (CNY) and the US dollar (USD) has reached USD0.15 today. Since May, it has appreciated by 8%. This is bad for chinese exporters, because when they mostly get paid in USD. So when they change to CNY, they get paid 8% less. So […]