Possible Pull Back For the Yuan, But Long Term Outlook Hasn't Changed

Presently 1 US Dollar is worth only about 6.48 Yuan
compared to about 8.28 in 2001. 

Since the Chinese yuan, commonly referred to as the renminbi (CNY), was depegged from the dollar around this time last year, it has gone up 5.38 percent in relative value. Presently, 1 US dollar is worth only about 6.48 yuan compared to about 8.28 in 2001. 


In fact, China’s real exchange rate with America has strengthened by almost 50% since 2005, according to calculations by The Economist.


To read more - CLICK HERE!