Foreign Exchange Rates

RMB Exchange Rate Fluctuations Exceed Expectations: What Should You Do?

Over the past month, the RMB exchange rate has fluctuated rapidly, with both the USD/RMB central parity rate and the spot rate falling from a high of 6.2 in April to around 6.6 recently. Although many experts had publicly stated before the RMB was officially included in the International Monetary Fund's Special Drawing Rights (SDR) basket that the RMB exchange rate would experience a certain degree of decline, this round of depreciation has still exceeded many people's expectations...