RMB Exchange Rate Rises 54 Basis Points to 6.9636 Against USD on January 19

On January 19, 2024, the RMB exchange rate closed at 6.9636 against the USD at 16:30, rising 54 basis points from the previous trading day. This indicates the RMB's growing strength in global markets.

Market Insights

Analysts note that the appreciation of the RMB is closely linked to improvements in China's economic fundamentals. Additionally, increased investor confidence in China's economic recovery has further supported the currency.

• RMB Closing Rate: 6.9636
• Daily Change: +54 Pips