Offshore RMB staging a reversal
Offshore RMB on June 2 to continue to fluctuate and staged a big reversal. At 12:00 against the dollar reported 6.7908 yuan, compared with yesterday’s devaluation 408 pips, the lowest we have had seen is 6.7941. Onshore RMB performance is relatively stable, noon reporting 6.8148 yuan. A slight depreciation of 65 points yesterday, the lowest had seen 6.8191 yuan.
Hong Kong Money Field Association announced that June 2 offshore RMB interest rates fell significantly. Overnight rallies from yesterday up to 42.815 PCT, down to today’s 8.6755 PCT; one week, two weeks, one-month interest rates were down to 14.801%, 11.8455 PCT, and 9.64767 PCT.
Any further info please feel free to contact us.
BEST CURRENCY EXCHANGE BRISBANE RATES
Get the best value for money when you travel to Australia. Make sure you change your money with Value Currency Exchange Brisbane. There is absolutely no fee of any kind when you change money with us, just the best rates in Brisbane.
Best Rates
Moreover, our best rate guarantee ensures you receive a competitive rate for your exchange services. Value will match or beat any local bank or airport for the same service on the same time of the exchange. Value strives is your go to currency exchange provider and one that you can confidently recommend to the others.