BOFIT Viikkokatsaus / BOFIT Weekly Review 2018/05

The yuan strengthened by 3.5 % in January. At month's end, one dollar bought 6.29 yuan. Much of the recent trend reflects general dollar weakness. The yuan-euro exchange rate has been relatively stable over the past six months. One euro bought 7.83 yuan at the end of January.

Yuan rates vis-รก-vis the dollar, euro and currency basket (NEER)

Sources: J.P. Morgan, Reuters.

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