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2025-07-29 09:35:06
[RMB exchange rate index rises to a two-month high, with a cumulative decline of more than 5% this year] 1. According to data from the China Foreign Exchange Trading Center (CFETS), the CFETS RMB exchange rate index was 96.29 on Tuesday, up 0.53% from the previous day, reaching a new high since May 29. Although the US dollar index rebounded sharply to a two-week high overnight, the adjustment of the RMB exchange rate against the US dollar was limited, pushing the basket of exchange rate indices to strengthen simultaneously. During the same period, the SDR currency basket index rose to 90.96 and the BIS currency basket index was 101.96. 2. Statistics show that the CFETS RMB index has fallen by 5.10% this year, and the SDR and BIS indices have fallen by 3.79% and 4.90% respectively. Looking back at the performance in recent years, the three major indexes recorded increases of 4.16%, 1.41% and 4.69% respectively in 2024; although the decline continued in 2023 (down 1.27%, 2.97% and 1.21% respectively), it was significantly narrower than the declines of 3.71%, 4.25% and 2.80% in 2022.
