Cryptocurrency Q&A
What is the exchange rate for renminbi in China?
What is the exchange rate for renminbi in China?
Maria
Wed Nov 20 2024
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5
answers
1121
I'm wondering about the current exchange rate for Chinese renminbi. I need to know how much it's worth compared to other currencies, specifically in China.
5 answers
Daniela
Fri Nov 22 2024
During this period, the exchange rate was approximately 8.3 Chinese Yuan Renminbi to 1 US Dollar.
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Martino
Fri Nov 22 2024
This fixed rate was a stable economic policy adopted by the Chinese government to ensure economic stability and growth.
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CryptoVisionary
Fri Nov 22 2024
In 2005, the Chinese government introduced a more flexible exchange rate mechanism for the Yuan Renminbi.
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Nicola
Fri Nov 22 2024
This new mechanism allowed for adjustments in the exchange rate, and the Renminbi was readjusted to 8.1 Renminbi per US dollar.
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Eleonora
Fri Nov 22 2024
From 1997 until 2005, the Chinese government maintained a fixed exchange rate for the Yuan Renminbi against the US Dollar.
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