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.

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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.

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.

Kathie
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