The yuan has dropped to the lowest level since 2022 in foreign transactions

There is no clear reason for the decrease in the yuan against the dollar, and it is likely that it is caused by the twice the trading volume of reading notules – 2 published: December 31, 2024 12:12 The last update: 31 December, 2024 13:03 The yuan decreases in external transactions to the lowest level since 2022 Chinese banknotes of one hundred Yuan – Hundred Yuan – Bloomberg Chinese Bank Notes of One Hundred Yuan – Hundred Yuan – Bloomberg Chinese Banknot The Yuan exchange rate in external transactions dropped sharply today and recorded the lowest level against the US dollar in more than two years before reducing its losses. The Chinese currency fell 0.7% to 7,3695 yuan against the dollar, the lowest level since October 2022, before being traded in London at 0.4% at 7,3416 at 10:23. There is no clear reason for the decline that is likely to be caused by trading volumes in the last year of the year. President Xi Jinping said earlier that China’s GDP is expected to grow by about 5% during the entire 2024, suggesting that the second largest economy in the world is on the way to achieve its official goal. Stories classifications can interest you in this most read article