The High And Low RMB Exchange Rate

In April 2013, in a short month, the yuan reached a record high of nine days against the dollar, rising 0.77% in a single month, three times more than last year. Not only the appreciation of the US dollar, but also the faster appreciation of the renminbi against the package currencies. Despite the rapid appreciation of the renminbi, there is still disagreement about whether the RMB exchange rate is high or low in the international public opinion field.