Changes in the exchange rate of the Chinese yuan against the US dollar

Recently, the RMB‑USD exchange rate has stayed around 6.7, hitting a 3.5‑year high.

Driven by falling USD index and strong trade surplus, the long‑term appreciation brings heavier exchange‑loss pressure on low‑margin manufacturers such as wood‑panel exporters. Traders are recommended to shorten quotation validity and adopt forward contracts to hedge currency risks.