Yuan's exchange rate in spotlight

Report: RMB exchange rate might appreciate by 5% in 2007

2007-01-01 13:12:10

    BEIJING, Jan. 1 (Xinhua) -- The exchange rate of Renminbi, the Chinese currency, is expected to appreciate by some five percent to one U.S. dollar for 7.44 yuan, according to Xinhua Economic Analysis Report released Monday. Full Story

Value of RMB against USD finishes year on new high

2006-12-29 16:24:57

    SHANGHAI, Dec. 29 (Xinhua) -- The value of the Renminbi against the U.S. dollar ended 2006 on a record high on Friday, reaching 7.8087 yuan to one dollar, according to the China Foreign Exchange Trading Center based in Shanghai. Full Story

Value of RMB against USD hits record high

2006-12-28 17:22:18

    SHANGHAI, Dec. 28 (Xinhua) -- The value of the Renminbi (RMB) against the U.S. dollar hit a record high on Thursday with a central parity rate of 7.8149 yuan to one dollar. It is the sixth record set since the beginning of December. Full Story

RMB appreciates by 3.53 pct since reform

2006-12-01 13:55:25

    SHANGHAI, Dec. 1 (Xinhua) -- The value of the Renminbi (RMB) against the U.S. dollar hit a new high on Friday with the central parity rate at 7.8331 yuan to one dollar, growing by 3.53 percent since China's reform in the exchange rate system last year. Full Story

RMB breaks 7.85 mark against USD

2006-11-27 11:40:30

    BEIJING, Nov. 27 (Xinhua) -- The value of the Renminbi (RMB) against the U.S. dollar hit a new high on Monday, with the central parity rate at 7.8402 yuan to one dollar, breaking the 7.85 mark.Full Story

RMB value against U.S. dollars hits new high

2006-11-24 17:14:36

   BEIJING, Nov. 24 (Xinhua) -- The value of the Renminbi (RMB) yuan against the U.S. dollar kept rising on Friday and hit a new high with the central parity rate at 7.8526 yuan to one dollar, according to the Chinese Foreign Exchange Trade System. Full Story

RMB breaks 7.87 mark against U.S. dollar

2006-11-09 15:48:47

   BEIJING, Nov. 9 (Xinhua) -- The value of the Renminbi (RMB) yuan against the U.S. dollar hit a new high Thursday, with the central parity rate at 7.8697 yuan to one dollar, breaking the 7.87 mark. Full Story

Banks exposed to greater credit risk over yuan revaluation

2006-11-09 16:52:13

   BEIJING, Nov. 9 (Xinhua) -- China's banks will be exposed to greater credit risk against the backdrop of the yuan's accelerating appreciation, said Li Lihui, president of the Bank of China (BOC). Full Story

Yuan's value against U.S. dollar breaks 7.95

2006-09-05 09:48:33

   BEIJING, Sept. 4 (Xinhua) -- The appreciation of China's currency of Renminbi (RMB) is speeding up, with the daily benchmark rate rising to a new high of 7.9499 yuan against the U.S. dollar on Monday, breaking the 7.95 mark for the first time. Full Story

Yuan matches post-revaluation new high

2006-07-07 10:05:48

   BEIJING, July 7 -- China's yuan matched its post-revaluation high against the dollar in late trade Thursday but quickly came off that high amid dollar-buying interest among State banks, traders said. Full Story

China to begin exchange between British pound, yuan

2006-07-04 17:34:03

   BEIJING, July 4 (Xinhua) -- The China Foreign Exchange Center (CFEC) is to begin inter-bank exchange dealing of the British pound and the yuan, China's currency, on Aug. 1, the Xinhua-run China Securities Journal reported Tuesday. Full Story

Yuan hits post-revaluation new high

2006-07-03 09:35:40

   BEIJING, July 3 -- The yuan set a post-revaluation high against the U.S. dollar for the second straight day Friday amid weakness of the U.S. currency on global markets. Full Story

RMB internationalization must be promoted: People's Daily

2006-06-30 16:32:20

   BEIJING, June 30 (Xinhua) -- The Chinese government should accelerate the promotion of the Renminbi yuan as an international hard currency, the official People's Daily said in an article published Friday in its overseas edition. Full Story

RMB expects further appreciation in 2007: expert

2006-06-24 10:41:41

   BEIJING, June 24 (Xinhua) -- RMB will witness obvious appreciation trend in 2007, and is likely to appreciate by large degree, said Yu Yongding, a member of Chinese central bank's monetary policy committee. Full Story

Yuan makes biggest weekly rise in 10 months

2006-06-12 10:56:09

   BEIJING, June 12 -- The yuan had its biggest weekly gain in 10 months last week as the country announced plans to remove restrictions on purchases of foreign currencies. Full Story

Govt in no hurry to up interest rates: NDRC

2006-06-05 08:53:48

   BEIJING, June 5 -- The government will look to upcoming economic data before deciding on further economic cooling measures such as an interest rate hike or an increase in bank reserve ratios, the National Development and Reform Commission (NDRC) said. Full Story