A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency. Photo: AP A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency. Photo: AP
A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency. Photo: AP
Yuan

Explainer |
US dollar-yuan exchange rate: what is it and why is it important?

  • The exchange rate between China’s yuan and the US dollar has become a closely watched issue again, including being dragged into the trade war between the two nations
  • A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency

Topic |   Yuan
A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency. Photo: AP A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency. Photo: AP
A lower yuan exchange rate figure means it takes fewer yuan to purchase one US dollar, indicating a stronger Chinese currency. Photo: AP
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