2025/08/15
RMB exchange rate fluctuations intensify, posing new challenges to cross-border
The RMB central parity rate recently set by the People's Bank of China (PBOC) indicates an appreciation bias, and predicts that the RMB exchange rate against the US dollar may gradually approach the 7.0 mark over the next six months.Data from August 12th showed that the offshore renminbi (CNH) was trading at 7.1881 against the US dollar, up 76 basis points from the previous day, while the onshore