BOFIT Viikkokatsaus / BOFIT Weekly 2019/30

Since the latest round of US tariff hikes against China that entered into force on May 10, the yuan’s exchange rate has held at a rate of about 6.9 yuan to the dollar. Yuan’s dollar exchange rate is about the same as it was at the start of the year, but has gained about 2 % against the euro over the same period.

BIS figures show that the yuan’s real effective (trade-weighted) exchange rate (REER) in June was down 1 % from the end of 2018 and off 3 % from a year earlier.

Yuan REER, dollar-yuan, euro-yuan exchange rates

Sources: BIS and Macrobond.