Juan offshore strengthened, reaching 6.9757 per dollar

The Renminbi notes a solid appreciation against the US dollar in the offshore market, reaching a level of 6.9757 against the US currency. The currency price increase of 165 points compared to the previous New York session close indicates further strengthening of the yuan in international markets.

Daily Price Movement Dynamics

During today’s trading session, the yuan fluctuated between 6.9752 and 6.9945, demonstrating flexibility in intraday swings. The range of these fluctuations reflects market activity and changing investor sentiment towards the Chinese currency.

Growth Outlook

Looking at the broader growth perspective, the results are impressive:

• In the past month, the yuan appreciated by approximately 950 points, representing a 1.35% increase
• In the last quarter of the year, the appreciation reached about 1500 points, or a 2.14% increase
• Since the beginning of this year, the yuan has gained nearly 3600 points, representing an increase of over 4.93%

Such an annual result demonstrates a consistent trend of strengthening offshore renminbi against the US dollar, indicating the Chinese currency’s growing position in international markets.