Chinese yuan Archives -
Wednesday , 27 January 2021

Tag Archives: Chinese yuan

The Many Benefits of Having a Bank Account in Hong Kong (+5K Views)

Hong Kong is an excellent place to bank. One of the best in the world, in my opinion. Why? Because the banks are strong, stable, innovative, and well-capitalized [and account holders] are free to choose what currency to accept (and save), whether HK dollars, US dollars, Chinese Yuan, gold, or anything else.

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What the Heck Is Going On With the Chinese Yuan?

If you think that China's currency is a little confusing, you're not alone. Sometimes China devalues its currency on purpose and other times, China hoards gold or dumps U.S. bonds to prop it back up and protect its value. What gives? Today's infographic demystifies the Chinese Yuan.

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A Look At What Has Happened to China’s Yuan

Even the slightest movement made by China can create a ripple effect on fragile global markets. On August 11 China devalued its currency by 1.9% and has made some smaller changes since then. Today’s infographic looks at the reaction in currency markets in three time frames after the event: 24 hours, one week, and one month after.

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