Chinese Yuan/US Dollar Exchange Rate Index, July 2005-Nov 2011
Click on the figure to enlarge it. Please feel free to republish the figure; source FutureofUSChinaTrade.com with a link back to this page.
The yuan-dollar exchange rate indexed to July 21, 2005. Shows the percentage change in the yuan-dollar exchange rate since July 21, 2005 when China began its initial period of yuan appreciation. From the Federal Reserve Bank of New York.
Between July 21, 2005 and July 21, 2008, the yuan appreciated 17.5 percent against the U.S. dollar. In July 2008 China stopped its yuan appreciation, citing economic weakness resulting from the financial crisis. Between July 21, 2008 and June 19, 2010 the value of the yuan relative to the dollar was basically unchanged.
On June 19, 2010 China announced that it would once again begin appreciating the yuan against the dollar. Since then, the yuan has appreciated 6.89 percent against the dollar (as of November 18, 2011).
Updated November 22, 2011
More News & Analysis