The Yuan Has Reached A New High Of &Nbsp Against The US Dollar, And The US Dollar Has Fallen Below 6.80.
The central bank announced the second trading day after the reopening of the RMB exchange rate. The US dollar / RMB intermediate price was 6.7980, which was 295 basis points higher than the previous trading day.
This has also created a new low since the July 2005 exchange rate reform, and the RMB against the US dollar has correspondingly created a new high since the reform.
The central price authorized by the central bank authorized by the China Foreign Exchange Trading Center shows that in June 22, 2010, the middle price of the exchange rate between the US dollar and other trading currencies in the inter-bank foreign exchange market was RMB 1 yuan to RMB 6.7980 yuan, 1 euro to RMB 8.3816 yuan, 100 yen to RMB 7.4740 yuan, 1 Hong Kong dollar to RMB 0.87443 yuan, 1 pounds to RMB 10.0372 yuan.
Yesterday the US dollar / RMB intermediate price was 6.8275 yuan.
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