Onshore and offshore RMB to USD exchange rates hit a 14-month high
Jinse Finance reported that both onshore and offshore RMB exchange rates against the US dollar have reached a 14-month high. According to data from China Foreign Exchange Trade System, the onshore RMB spot exchange rate against the US dollar rose as high as 7.0500 during trading, marking the first time since October 9, 2024, that it has touched the 7.05 level. In the offshore market, according to Sina's quotation, the offshore RMB exchange rate against the US dollar reached as high as 7.046 during trading on December 15, setting a new high since early October 2024. As for the central parity rate, on December 15, the RMB central parity rate against the US dollar was reported at 7.0656, depreciating by 18 basis points. (Golden Ten Data)
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