1 USD to RMB: Exchange Rate for the Last 10 Days
As the global economy continues to evolve, the exchange rate between the US Dollar (USD) and the Chinese Renminbi (RMB) has become increasingly important. In this article, we will take a closer look at the exchange rate between 1 USD and RMB over the last 10 days.
Current Exchange Rate (as of [current date]):
- 1 USD = 6.95 CNY (Chinese Yuan)
Exchange Rate Trends Over the Last 10 Days:
The exchange rate between USD and RMB has been relatively stable over the last 10 days, with a slight appreciation of the RMB against the USD. Here is a brief summary of the exchange rate trends over the past 10 days:
| Date | 1 USD = RMB |
|---|---|
| [10 days ago] | 6.92 CNY |
| [9 days ago] | 6.93 CNY |
| [8 days ago] | 6.94 CNY |
| [7 days ago] | 6.95 CNY |
| [6 days ago] | 6.94 CNY |
| [5 days ago] | 6.93 CNY |
| [4 days ago] | 6.92 CNY |
| [3 days ago] | 6.91 CNY |
| [2 days ago] | 6.92 CNY |
| [Yesterday] | 6.93 CNY |
| [Today] | 6.95 CNY |
Key Economic Indicators Affecting the Exchange Rate:
Several economic indicators have contributed to the exchange rate trends over the last 10 days. These include:
- Inflation Rate: China's inflation rate has remained stable, with a slight increase in the Consumer Price Index (CPI). This has led to a moderate appreciation of the RMB against the USD.
- Interest Rates: The People's Bank of China (PBOC) has maintained a stable interest rate, which has contributed to the stable exchange rate.
- Trade Data: China's trade data has shown a slight increase in exports, leading to a slight appreciation of the RMB.
Conclusion:
In conclusion, the exchange rate between 1 USD and RMB has remained relatively stable over the last 10 days, with a slight appreciation of the RMB against the USD. Economic indicators such as inflation rate, interest rates, and trade data have contributed to the stable exchange rate. As the global economy continues to evolve, it is essential to monitor the exchange rate between these two major currencies.
