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Bookmarking Crypto InsightsWed, 21 Sep 2022 07:49:42 +0000en-US
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3232Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years
https://www.digit.info/chinese-currency-breaches-71-exchange-rate-against-us-dollar-for-first-time-in-two-years/
Wed, 21 Sep 2022 07:49:42 +0000https://www.digit.info/2022/09/21/chinese-currency-breaches-71-exchange-rate-against-us-dollar-for-first-time-in-two-years/Read more]]>The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the yuan’s decline is […]
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the yuan’s decline is […]