China Financial Daily

May 26, 2009

U.S. exchange rate of RMB against the U.S. dollar dropped 50 basis points

Filed under: Financial News — Tags: — lily @ 2:19 am -0700

U.S. exchange rate of RMB against the U.S. dollar dropped 50 basis points
China Shanghai May 26 (Xinhua Pan Qing) from the China Foreign Exchange Trade Center, the latest data show that on May 26 exchange rate of RMB against the U.S. dollar at 6.8285, representing a 50 basis point decline in the previous session.

People’s Bank of China authorized by China Foreign Exchange Trade Center, May 26, 2009 dollar interbank foreign exchange market and other currencies against the RMB exchange rate of 1 U.S. dollar 6.8285 yuan, 1 euro 9.5640 yuan, 100 days 7.1970 yuan against the yuan, 1 Hong Kong dollar against 0.88096 yuan, £ 1 was 10.8638 yuan.

In the previous session, the RMB exchange rate against the U.S. dollar at 6.8235.

International foreign exchange market Monday to the modest rebound in U.S. dollars, the RMB exchange rate against the U.S. dollar price is say goodbye to the five consecutive trading days or the momentum going, there has been a certain drop rate.

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