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February 12, 2018 02:01 GMT
MNI: China Yuan CFETS Index Rises To Highest Since June 2016
BEIJING (MNI) - China's currency surged to the highest level in almost 18
months on a trade-weighted basis against the currencies of its major trading
partners, according to weekly data released Monday by the People's Bank of
China.
The CFETS Weekly RMB Index, which measures the yuan relative to a basket of
24 currencies, gained 0.66% last week from a week ago to 96.92 - the highest
since June 3, 2016, when the trade-weighted index stood at 97.
The yuan index saw the biggest weekly growth last week since the week of
Oct. 13, 2017 when it rose 0.70%.
As of Feb. 9, the RMB gauge has recorded a 2.18% gain year-to-date, up from
94.85 on Dec. 29, according to MNI's calculations.
***COMMENT: The RMB index has risen 2.18% so far this year, compared with a
0.02% appreciation through the whole of 2017. The large appreciation of the yuan
against the basket currencies has imposed high pressure on exporters in China.
The PBOC is expected to take action considering their target of stabilising
economic growth.
Date Yuan Index Week-on-week Change
-------------------------------------------
09/02/2018 96.92 0.66%
02/02/2018 96.28 0.61%
26/01/2018 95.70 0.47%
19/01/2018 95.25 0.53%
12/01/2018 94.75 -0.16%
05/01/2018 94.90 0.05%
29/12/2017 94.85 0.20%
22/12/2017 94.66 0.22%
15/12/2017 94.45 -0.15%
08/12/2017 94.59 0.22%
01/12/2017 94.38 -0.31%
24/11/2017 94.67 -0.32%
17/11/2017 94.70 -0.37%
10/11/2017 95.05 -0.30%
03/11/2017 95.34 0.34%
27/10/2017 95.02 0.04%
20/10/2017 94.64 -0.38%
13/10/2017 95.00 0.70%
29/09/2017 94.34 -0.21%
22/09/2017 94.54 -0.34%
15/09/2017 94.86 -0.32%
08/09/2017 95.16 0.78%
01/09/2017 94.42 0.70%
25/08/2017 93.76 -0.06%
18/08/2017 93.82 -0.22%
11/08/2017 94.03 1.26%
04/08/2017 92.86 0.13%
28/07/2017 92.74 -0.18%
21/07/2017 92.91 -0.46%
14/07/2017 93.34 -0.19%
07/07/2017 93.52 0.25%
30/06/2017 93.29 0.08%
23/06/2017 93.22 -0.02%
16/06/2017 93.24 0.16%
09/06/2017 93.09 -0.08%
02/06/2017 93.16 0.83%
31/05/2017 92.39 0.14%
26/05/2017 92.26 -0.25%
19/05/2017 92.49 -0.57%
12/05/2017 93.06 0.06%
05/05/2017 93.00 0.24%
28/04/2017 92.78 -0.22%
21/04/2017 92.98 -0.21%
14/04/2017 93.18 -0.04%
07/04/2017 93.22 0.31%
31/03/2017 92.93 0.02%
24/03/2017 92.91 -0.44%
17/03/2017 93.32 -0.97%
10/03/2017 94.23 -0.05%
03/03/2017 94.28 0.47%
24/02/2017 93.84 -0.39%
17/02/2017 94.21 0.19%
10/02/2017 94.03 0.00%
03/02/2017 94.03 -0.20%
26/01/2017 94.22 -0.69%
20/01/2017 94.87 0.09%
13/01/2017 94.78 -0.49%
06/01/2017 95.25 NA
30/12/2016 94.83 -0.27%
23/12/2016 95.09 0.11%
16/12/2016 94.99 0.33%
09/12/2016 94.68 -0.24%
02/12/2016 94.91 0.25%
25/11/2016 94.67 0.14%
18/11/2016 94.54 0.22%
11/11/2016 94.33 0.59%
04/11/2016 93.78 -0.39%
28/10/2016 94.15 -0.16%
21/10/2016 94.3 -0.36%
14/10/2016 94.64 0.61%
30/09/2016 94.07 -0.04%
23/09/2016 94.11 -0.18%
14/09/2016 94.28 0.26%
09/09/2016 94.04 -0.52%
02/09/2016 94.53 0.50%
26/08/2016 94.06 -0.05%
19/08/2016 94.11 -0.40%
12/08/2016 94.49 -0.24%
05/08/2016 94.72 -0.65%
29/07/2016 95.34 0.15%
22/07/2016 95.2 0.87%
15/07/2016 94.38 0.14%
08/07/2016 94.25 -0.66%
01/07/2016 94.88 -0.43%
24/06/2016 95.29 -0.55%
17/06/2016 95.82 -0.20%
08/06/2016 96.01 -1.02%
03/06/2016 97 -0.21%
27/05/2016 97.2 -0.15%
20/05/2016 97.35 0.38%
13/05/2016 96.98 0.38%
06/05/2016 96.61 -0.53%
29/04/2016 97.12 -0.10%
22/04/2016 97.22 -0.16%
15/04/2016 97.38 -0.27%
08/04/2016 97.64 -0.38%
01/04/2016 98.01 -0.15%
25/03/2016 98.16 0.11%
18/03/2016 98.05 -0.78%
11/03/2016 98.82 -0.34%
04/03/2016 99.16 -0.13%
26/02/2016 99.29 -0.15%
19/02/2016 99.44 0.21%
05/02/2016 99.23 -0.92%
29/01/2016 100.15 -0.68%
22/01/2016 100.84 0.45%
15/01/2016 100.39 0.43%
08/01/2016 99.96 -0.97%
31/12/2015 100.94 0.07%
25/12/2015 100.87 -0.64%
18/12/2015 101.52 0.07%
11/12/2015 101.45 -1.44%
30/11/2015 102.93
- Percentage changes are calculated by MNI based on CFETS data.
- Data from China Foreign Exchange Trading System (CFETS), PBOC's unit for
running the country's interbank market.
- Yuan index value was at 100 at the end of 2014. All data from CFETS.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: MTABLE,MAQDT$,MDQCB$,M$A$$$,M$Q$$$,MBQ$$$]
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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