For the first time in 2 years, Chinese Currency has surpassed 7:1 to exchange rates with the US Dollar
After touching a new low of 7.0188 Yuan per dollar in September 2022, the offshore exchange rate between China's fiat currency and the U.S. dollars recently crossed the 7:1 mark. The strengthening of the U.S. Dollar is driving the yuan's fall, just like other global currencies which have declined in 2022. The Yuan's Decreciation After […]