The RMB exchange rate plummeted!
Publish Time: 2018-07-09 Origin: Site
The RMB exchange rate plummeted!
Since the beginning of this year, the exchange rate of the RMB against the US dollar has experienced a process of rising first and then flat, Since mid-April, the RMB has been on the road of depreciation.
Falling to this low point has also caused the RMB to rise by only 0.2% so far this year. Both onshore and offshore the RMB are approaching their lowest point this year and are about to retreat from all this year's gains.
At this point, about Monetary Policy, The Central Bank will be biased loose, and interest rates will be more relaxed than last year. Generally speaking, it is a mild depreciation, it will not become a trend of sharp depreciation, and it is in line with the economic situation.
Nowadays, the depreciation of the RMB has brought so much convenience to foreign customers. Such a great opportunity, do not hesitate, just place order to us ASAP!