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Academic Journal of Business & Management, 2021, 3(4); doi: 10.25236/AJBM.2021.030418.

Foreign Exchange Currency - CNY

Author(s)

Zixuan Huang

Corresponding Author:
Zixuan Huang
Affiliation(s)

University of California, 1 Shields Ave, Davis, CA, USA

Abstract

This requires traders to convert their currency into the required foreign currency, and then carry out economic activities. The foreign exchange market meets this need and allows international trading of different currencies through this market. In this paper, I will study CNY (renminbi or RMB) and analyze all kinds of economic information about it, and how the trading restrictions and policies affect it on the foreign exchange market.

Keywords

Foreign exchange; foreign currency; economic information; market

Cite This Paper

Zixuan Huang. Foreign Exchange Currency - CNY. Academic Journal of Business & Management (2021) Vol. 3, Issue 4: 88-90. https://doi.org/10.25236/AJBM.2021.030418.

References

[1] Chinese Yuan | 1981-2021 Data | 2022-2023 Forecast | Quote | Chart |, TRADING ECONOMICS, tradingeconomics.com/china/currency. 

[2] Cusimano, Jonathan. “CNH vs CNY: The Differences Between the Two Offshore RMB.” Statrys, statrys.com/blog/cnh-vs-cny-differences-chinese-renminbi#2. 

[3] Pang, Iris. Economic and Financial Analysis Division of ING Bank N.V., 2020, 2021 FX Outlook Back on Track, think.ing.com/uploads/reports/FX_Outlook_2021_191120_GMA.pdf. 

[4] “The Content of ‘RMB Exchange Rate Regime.’” The People's Bank of China, 2010, www.pbc.gov.cn/huobizhengceersi/214481/214545/214769/3871699/index.html. 

[5] “Turnover of OTC Foreign Exchange Instruments, by Currency.” BIS Statistics Explorer: Table D11.3, stats.bis.org/statx/srs/table/d11.3.