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Yuan vs. US $$

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Yuan vs. US $$

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Old Oct 8th, 2008 | 07:37 PM
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Yuan vs. US $$

How will the current economic crisis in the US affect the Yuan? Or is it anybody's guess? China is stll pretty cheap by most US standards.
lollylo25 is offline  
Old Oct 8th, 2008 | 07:49 PM
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Here's your last post and an answer:
http://www.fodors.com/forums/threads...p;tid=35161052

If you can't find a post you've made, just click on your name. A list of your posts will appear.
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Old Oct 8th, 2008 | 07:52 PM
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The Chinese currency is pretty much pegged to the US Dollar so I would not expect to see much fluctuation. That's how the Chinese remain the US no 1 importer.
Hanuman is offline  
Old Oct 8th, 2008 | 08:23 PM
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The CNY was pegged to the dollar at around 1USD = 8.28CNY until mid-2005. It has gone up gradually till 1USD = 6.812CNY on 7/16 this year. That is a 21% rise in 3 years.

Since July, the rate has been stable around 6.82 and 6.87.
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Old Oct 8th, 2008 | 08:24 PM
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Kathie
Thanks, I learned something today!
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