25 May 2019

RMB real effective exchange rate hits historic high, paper says

The renminbi real effective exchange rate (REER) index hit a historic high of 117.8 in November as it rose 1.3 percent from the previous month, the Securities Times reported Tuesday, citing statistics from the Bank for International Settlements (BIS). In the eleven months to November, the renminbi has appreciated by 6.41 percent, while the REER was up 6.99 percent. For the January to November period, the renminbi has gained 2.49 percent versus the US dollar, the report said.

– Contact HKEJ at [email protected]



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