3/28/2023 0 Comments Bank of china exchange rates![]() ![]() ^ New IMF report doesn’t back Trump’s currency manipulation charge against China.^ "US says China not a currency manipulator".^ "Obama should call China a currency manipulator: Romney aide".^ "World Economic Outlook Database: China". ![]() Archived from the original on 6 December 2011. "China scores number one on FDI penetration, 16% rise in 2010". ^ Excluding the Special Administrative Regions of Hong Kong and Macau, which use the Hong Kong dollar and Macanese pataca, respectively.PPP exchange rates by periods ( IMF's WEO data) The following is a list of CNY exchange rates based on PPP, estimated according to the International Monetary Fund's World Economic Outloo wek (WEO) database from 2006–present. Purchasing power parity (PPP) figures vary based on inflation and the revision of census figures in different periods. List of purchasing power parity exchange rates List of IMF nominal exchange rates International Monetary Fund annual average middle exchange rate for US dollar to Chinese yuan List of World Bank nominal exchange rates World Bank annual average middle exchange rate for US dollar to Chinese yuan (Chinese yuan per 100 foreign currency units) Official historical average exchange rates of Renminbi Graph showing the official exchange rate of 1 CNY to the US dollar between 19. Nominal exchange rates List of nominal exchange rates In August 2019, US President Donald Trump designated China a currency manipulator, a designation not supported by the IMF. The perceived undervaluing of the CNY by the Chinese government has led to tensions between China and other major economies. Since the mid-1990s, the official CNY exchange rate has been adopted by numerous international financial and governmental organizations, such as the International Monetary Fund (IMF), the World Bank and the United Nations (UN). As of 2013, China is the world's second-largest economy, with an estimated nominal gross domestic product (GDP) of US$8.25 trillion and a total international trade value of US$3.64 trillion. In 2010, China's annual level of inward foreign direct investment (FDI) reached a record US$106 billion. This page lists past and present CNY exchange rates with other major currencies, in both nominal and purchasing power parity (PPP) terms.Īfter taking control of economic policy in 1978, Deng Xiaoping opened up China to foreign trade and investment, permitting a large influx of foreign capital and sparking rapid economic growth. Although it is not a freely convertible currency, and has an official exchange rate, the CNY plays an important role in the world economy and international trade. The renminbi ( RMB, also known as Chinese yuan ISO code: CNY) is the official currency of the People's Republic of China. ![]()
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