RMB Exchange Rate Hits New High and Remains Stable
RMB exchange rate hits new high in six months and remains stable Xinhua News Agency, Beijing, November 25 (Xinhua) The “China Securities Journal” published an article on the 25th reporting that the central parity rate of the RMB exchange rate has reached a new high in the past six months and remains stable with a […]
China’s Foreign Exchange Market Hits 19.12 Trillion Yuan Turnover in September 2023
Foreign Exchange Market Records 19.12 Trillion Yuan in September Turnover – Beijing, October 27 China’s foreign exchange market achieved a remarkable milestone in September 2023, with its total transaction volume reaching 19.12 trillion yuan, equivalent to approximately US$2.66 trillion. This data, released by the State Administration of Foreign Exchange on the 27th, underscores the strength […]
Exchange Rate of Won to Dollar Rises More than 11 Won on US CPI Results
On the 13th, the exchange rate between the South Korean won and the US dollar experienced a significant increase of over 11 won. Closing at 1,350.0 won in the Seoul foreign exchange market, the won-to-dollar exchange rate rose by 11.5 won compared to the previous day. The day began with the exchange rate opening at […]
China’s Foreign Exchange Market Remains Stable in August 2023: Deficits in Settlement and Sales Reported
Foreign Exchange Deficits Decrease as China’s Foreign Exchange Market Stays Stable By He Jueyuan In a recent report published by the State Administration of Foreign Exchange, data revealed that in August 2023, both bank foreign exchange settlement and sales, as well as cross-border receipts and payments from non-banking sectors, experienced deficits. The deficit for bank […]
