Chinese renminbi (RMB)

The future seems bright for the renminbi as the Chinese economy now sits at number two in the world. This has led to a growing middle class in a country that also sits at number two in international trade. Use the information, data and insights below to make educated and timely decisions regarding the renminbi.

Note: the renminbi is a non-deliverable currency, which means we're unable to deliver the currency to you because of foreign government regulation.1

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Chinese renminbi (RMB)

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HISTORICAL EXCHANGE RATES

Key Indicators

This data may be used to help gauge the health of the Chinese economy.

Consumer Price Index (CPI)
Year-on-Year, as of 04/14
2.40%
Gross Domestic Product (GDP)
Year-on-Year, as of 04/14
740.00%
Current Account Balance (BoP)
Reported 04/10, as of 2009
297.1B
Official Foreign Reserves
As of 10/10
2,648B

Our RMB Insights

Review the latest list of pros and cons for diversifying in the RMB as researched by our foreign currency experts.

The Pros

  • RMB reached a 20-year high versus the U.S. dollar on 01/13/2014
  • World’s second largest economy
  • Inflation rate dropped to 2.6% in 2013
  • Unemployment dropped to 4% in Q3 2013

The Cons

  • A rapidly aging population due to the once stringent one child policy
  • GDP rose to 7.8% in Q3 2013, driven primarily by Fixed Asset investment
  • High savings rates expected to fall substantially in coming years
  • Degradation of natural environment and water table is long-term problem

Last updated: 02/2014


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